‘Infrastructure vs. Ambition’: CA Kaushik on India’s EV Crossroads
India’s electric vehicle (EV) market is showing signs of potential disruption, but challenges remain, according to Chartered Accountant Nitin Kaushik. He compared the current scenario to India’s 2005 telecom boom — “big promises, but infrastructure not ready yet.”
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BYD Enters India With Atto 2 — Could EVs Go Mainstream Now?
Speaking on X (formerly Twitter), Kaushik highlighted that China’s BYD is preparing to enter the Indian market with its Atto 2 SUV EV, priced around ₹20 lakh. Meanwhile, Vietnam-based VinFast has already launched its VF6 EV in India at approximately ₹16 lakh.
“These global players bring more options, better pricing, and faster technology. This could be India’s ‘Jio moment’ for EVs — where disruption drives massive adoption,” Kaushik wrote. However, he cautioned that without a robust charging network, EVs risk remaining a luxury trend confined to urban areas. “The real race isn’t car vs. car. It’s infrastructure vs. ambition,” he added.
BYD Eyes Renewed Opportunities in India
BYD’s renewed interest comes as India-China diplomatic ties improve, opening fresh opportunities for the Chinese EV maker. The move follows the rejection of BYD’s manufacturing proposal in 2023. Improved business visa policies for Chinese professionals are also expected to aid the company’s expansion plans.