Primus In News
Rupee slide to hit margins of EV players
15-01-2025
Nikhil Dhaka, Vice President, Primus Partners, shares his view on the current state of EV component localisation in India and the challenge posed by the complete reliance on imported lithium-ion cells, essential for EV batteries. He highlight that while China dominates EV cell production, India's goal to localise faces significant challenges due to the capital-intensive nature of manufacturing and the limited scale of EV adoption.
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