EV push to absorb over Rs 24,000 cr of automakers' capex in two years as electric car adoption accelerates: Crisil

Indian passenger vehicle makers are expected to invest over Rs 24,000 crore in electric vehicles out of a planned Rs 60,000 crore capex across FY27 and FY28, according to CRISIL Ratings. The investment will focus on expanding EV portfolios, localising supply chains and boosting production capacity.

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