Affordability Drives ICE and Hybrid Demand as EV Range Improves in India

Indian consumers prioritize affordability in vehicle purchases, with internal combustion engine (ICE) cars remaining dominant and hybrids gaining preference as a transitional option, according to Deloitte. Battery electric vehicles (BEVs) currently hold a small market share but show latent demand. Experts note that electric cars with over 300km real-world range and fast-charging capabilities, like the Tata Punch EV, are increasingly viable as primary vehicles, addressing range anxiety for most users.