After years of aggressively chasing a fully electric future, many of the world’s largest automakers are scaling back their ambitions. The winds of change may vindicate India’s largest carmaker that has been more sceptical of EVs than all of its peers.
The global automotive industry is in the midst of a strategic reset. Slowing demand for electric vehicles (EV), infrastructure bottlenecks, and profit pressures have prompted some of the world’s biggest carmakers to recalibrate their pace of transition from internal combustion engines to EVs.
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