Hyundai Motor India reported a 19% decrease in its third-quarter profit, with earnings dropping to ₹11.61 billion from ₹14.25 billion the previous year. This decline is attributed to a 2.4% reduction in total car sales, influenced by a 7.5% decrease in exports due to the Red Sea crisis affecting the Middle East market. Domestic sales […]
Despite government efforts to promote electric vehicles (EVs), including reduced import duties and state-level incentives, EVs currently hold just a 2% market share in India. Challenges such as inadequate battery life, insufficient charging infrastructure, and theft-prone chargers deter buyers, creating a scenario that impedes EV adoption
