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Chandan Ganwani
@Ganwani
Infinite optimism. Delusional self-belief.
1.8K Following    2.9K Followers
India just logged 333,670 EV registrations in September alone. 84% year-over-year growth and 13.1% national penetration. Powered by 207,314 electric two-wheelers and 86,024 electric three-wheelers. Ultraviolette became the first Indian maker to export its F77 electric sports bikes to Germany and broader Europe, shipping performance machines built in Bengaluru and priced around $9,700–$10,800 for European riders. E-three-wheelers now make up 65% of all three-wheeler sales while e-two-wheelers hit 11.6% segment penetration, proving total-cost-of-ownership math is winning for delivery fleets and last-mile operators across Tier-2 and Tier-3 corridors. The ecosystem is scaling fast: component localization already sits at 50–60% and is climbing, battery manufacturing capacity is expanding, and the overall market is on track to surpass $100 billion by the end of the decade. India-EU FTA talks are unlocking reciprocal market access, with proposed tariff cuts covering up to 315,000 EVs annually and deepening supply-chain integration between the two regions. European OEMs gain from India’s manufacturing scale. TVS already builds BMW models for global markets. Indian exports give Europe diversified, cost-competitive EV options beyond traditional suppliers. Charging networks and battery-swapping are growing organically where utilization is highest, creating a resilient ecosystem that reduces single-region dependency and supports mutual trade resilience. Bottom-up electrification of commercial fleets plus premium sports-bike exports positions India as Europe’s strategic partner for affordable, high-volume clean mobility and shared supply-chain strength.
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