📊Executive Summary

India's electric vehicle (EV) market is increasingly dependent on imports from China, with only 13% of EV models qualifying for government incentives under the Auto PLI Scheme. This reliance poses significant challenges for local manufacturing efforts in the growing sector. The article highlights the implications of this dependency, particularly in the context of India's ambitions to boost domestic EV production and reduce import reliance. As the market evolves, procurement teams must navigate the complexities of sourcing components and materials, especially given the geopolitical tensions surrounding Chinese imports....