EV Boom Reshapes Auto Component Sector in India - SMEVENTURE
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EV Boom Reshapes Auto Component Sector in India - SMEVENTURE
The ongoing transition to electric vehicles (EV) is expected to significantly reshape India’s auto component industry, according to a recent report by Ambit Capital. While the shift to EVs poses existential risks for suppliers heavily reliant on internal combustion engine (ICE) components, it also opens new avenues for diversification and technological advancement. The report notes that component makers can pivot towards EV-specific parts such a…
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