VERIFIEDET Finance·11 Jun 2026neutral

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

AI Summary

·Indian passenger vehicle makers plan to invest over Rs 24,000 crore in electric vehicles between FY27 and FY28.
·This EV investment is part of a larger planned capex of Rs 60,000 crore for the same period.
·Investments will target EV portfolio expansion, supply chain localization, and production capacity increases.