"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.
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