'Close to 50% cars sold in India will be electrified in the future': R Velusamy

With hybrids and EVs gaining momentum amidst the drive towards net-zero carbon emissions, electrified powertrains are set to form a major chunk of future propulsion systems in the Indian passenger vehicle market, says Mahindra's Velusamy.

By Hormazd Sorabjee

26 Apr 2025

6762 Views

'Close to 50% cars sold in India will be electrified in the future': R Velusamy

"While the automotive sector was largely a dual-powertrain industry, relying solely on gasoline and diesel, the future will see hybrids and electrics pick up," says Mahindra & Mahindra's President for Automotive Business, R Velusamy.

Velusamy, who was a speaker at the Autocar Professional Future Powertrain Conclave held in Chennai, noted that while CNG has taken the front seat with close to 17% market share, hybrids have gained around 2% market share out of the 4-million units sold in CY2024.

"Equally, EVs accounted for around 3% penetration, and EVs hold a strong potential to grow to 15%. As hybrids, PHEVs, and BEVs grow, close to 50% of the total cars sold in India will be electrified in the future," Velusamy points out in this video interview.

VIDEO: