India's EV market is growing, but affordability is a challenge. People are interested in luxury EVs like Tesla. Leasing options and salary hikes influence buying decisions. Cautious optimism prevails.

Software Engineer

It's quite exhaustive and detailed  https://growthx.club/thesis/ev?utmsource=substack&utmmedium=emailevvaluechain  https://growthx.club/thesis/ev

Welcome to Indian Startups's Private Community

It's quite exhaustive and detailed 
https://growthx.club/thesis/ev?utm_source=substack&utm_medium=email#ev-value-chain

https://growthx.club/thesis/ev

India's EV scenario Report

Associate Product Manager

India's EV scenario Report- Grapevine

I'm considering gifting an EV to my father and need assistance with understanding the tax rebates and central and state (Uttar Pradesh) subsidies available. 

I am aware of the ₹1.5 lakh tax deduction under section 80EEB for interest on EV loans. But I read somehwere the loan sanction date should be prior to April 2023. 

Are there any other benefits I should know about?

Understanding Tax Rebates and Subsidies for an EV in India

Product Designer

Welcome to News Discussion's Private Community

Following are the few reasons that came into my Insites 

1. Biofuels would be far cheaper + inhouse production

2.Electric Cars might be like walking Bombs with Batteries dying early 

3.Low Milage 

4.EV buyers are younger population who drives occasionally 

5.Indian Roads 💀 not for 🌊 Flooding India Pothole Roads 

6.Insuarce Issues as mentioned below

I am Planning to Buy EV Car but Why EV sales are going Down World Wide?

Given that 95% cars sold in India are below 10lacs price and car penetration is lowest in India.

22 per 1000.
China 164 and usa 1269.

What do u think, EVs are the future and tata motors will soon hit 1000 inr share price due to future growth potential?

PS - Recently tamo beat maruti in mcap

Tata Motors reduces price of Nexon and Tiago EV by up to  ₹1,20,000 due to decline in battery cell prices. Price cut announced for Nexon and Tiago EV by Tata Motors due to decrease in battery cell prices.

Tata Motors cuts EV prices by up to  ₹1.2 lakh. Check new prices here

EV car at 7+ lacs ~315km range

Senior Consultant

- Transport minister Nitin Gadkari announced that India's EV market will be worth INR 20 Lakh Cr by 2030.
- Gadkari is optimistic that India will become the largest global automotive manufacturing hub, with the PLI scheme boosting battery cell production.
- The Centre plans to launch the third version of the FAME scheme soon.
- Gadkari predicts that annual EV sales will reach 1 Cr by 2030, creating 5 Cr jobs.
- Despite challenges like high prices and limited charging infrastructure, EV sales have been rising due to government incentives. 

 Source: [Inc42](https://inc42.com/buzz/annual-ev-sales-to-touch-1-cr-mark-in-india-by-2030-nitin-gadkari/)

India's EV Market to Hit 1 Crore Annual Sales by 2030: Gadkari

Journalist

Welcome to Office Gossip's Private Community

Hi everyone,

Currently working in Mahindra and Mahindra, ask me anything.

Ask me anything about Mahindra Automobile!

Product Owner

Moving from SF Bay Area to Bengaluru next month. Planning to buy a scooter for commute. Cars don’t make sense based on current traffic issues
What are the best options to buy? Daily commute around 12 kms 

Would it make sense to buy a new one or a used one in India. If EV, how accessible do the Bangalore folks feel about charging infrastructure. Which one gives more value for your bucks. TIA.

Which Scooter(EV/Petrol) to buy in Bengaluru?

Founder

This would be a game changer for Indian automobile market🙂

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/business/mc-exclusive-tesla-likely-to-import-completely-built-up-evs-from-german-facility-to-india-11697181.html/amp

Tesla for India in 20L!

Product Manager

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs  784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

What's the edge they have over Chinese EV cars. Elon visiting India also seems to be a desperate move to show growth

Given the latest layoff news and betting highly on robo taxies, feels like it's over for the quite arrogant leader and his company

Does Tesla really has a future?

https://drive.google.com/file/d/1UK_uvDvLqyELtXAJQA3uRSLDmNjHkxP9/view

Great read, do check this out!

India's Digital Transformation, 2023

Welcome to Business Roles's Private Community

Tataev on Twitter

Tata.ev doing awesome marketing nowadays.

Welcome to Personal Finance's Private Community

People say you can't time the market but I am curious what is the junta on Grapevine thinking about investing in the current times. 

Also where do I invest now? I have some 1L to invest that would not impact my current liquidity.

🚨 Are you guys investing more or not?

Been spending way too much time on Grapevine lately - absolutely loving it @Micheal_Scott!

Posted the Prosus report takeaways yday - lots of you DMed asking questions. Then I saw NewsAnchor break down the entire Prosus Annual Report - great stuff.

I was an Associate at one of the largest VC funds in India, so I enjoy going through new reports and summarising them - found my notes from Bain's India Venture Capital Report 2024. Thought of sharing the unedited summary that I shared with the Partners at the fund, have a bunch of these - can share more if of value to any of you here (ofc removing the confidential parts)

Notes:
1/ India's maintaining its gravitational pull despite the global funding crunch. Sure, overall funding nosedived 63% to $9.6B, but we're still the #2 destination in Asia-Pacific. Might not necessarily be a crash, it's a necessary course correction.
2/ Early-stage investing is showing remarkable resilience. Seed deals now comprise 70% of all deals, up from 60%, with average check sizes holding steady at $1.4M. Smart money is quietly positioning itself for the next wave of innovation.
3/ The tech-only playbook is being rewritten. While consumer tech, fintech, and SaaS still command 60% of funding, traditional sectors like BFSI are gaining ground, with average deal sizes jumping from $8M to $15M. We're witnessing the birth of tech-enabled, not just tech-centric, growth stories.
4/ The unicorn factory has hit pause, with only 2 new billion-dollar valuations vs. 23 in 2022. Mega-rounds ($100M+) plummeted from 48 to 15. This isn't a drought; it's a return to fundamentals. The era of grow-now-profit-later is firmly behind us.
5/ Generative AI isn't just hype; it's reshaping the landscape. Funding exploded from $15M to $250M, with 80% flowing to existing companies integrating AI. India's quickly becoming a laboratory for practical AI applications, not just speculative moonshots.
6/ Electric mobility is rewiring itself. While overall funding dipped slightly to $600M+, charging infrastructure investment surged 50%. The real opportunity isn't just in vehicles; it's in building out the entire EV ecosystem.
7/ Exits are defying gravity, leaping 1.7x to $6.6B. Public market sales led the charge at 55%, even as IPOs cooled. LPs are getting liquidity, and the secondary market is proving surprisingly robust. There's still appetite for quality assets.
8/ PE is no longer just watching from the sidelines. These players doubled their share to 25% of investments, going toe-to-toe with traditional VCs. The lines between growth equity and venture capital are blurring, and it's changing the game for late-stage rounds.
9/ We're watching natural selection in real-time. Yes, 35,000+ startups shuttered and 20,000+ layoffs hit the headlines. But companies like Groww and Indifi turned profitable. This isn't a bubble bursting; it's an ecosystem strengthening its foundations.
10/ Domestic VCs are coming of age. While overall fund-raising halved to $4B, homegrown VCs led 90%+ of raises. They're not just following; they're specializing, with thematic funds like Omnivore's $150M agritech vehicle. The ecosystem is bootstrapping its own future.
11/ Regulation isn't just tightening; it's evolving. Angel Tax expanded and lending norms got stricter, but we're also seeing innovative policies like UPI for foreign travelers. India's crafting a uniquely balanced approach to fostering innovation while maintaining stability.

Topics we can discuss during our standup:
1/ Can India produce global tech giants if it's primarily adopting rather than pioneering in areas like AI? How do we enable this?
2/ How will the shift towards profitability impact India's ability to foster truly disruptive innovations? Implications for us, how should we be evaluating deals differently?
3/ With domestic VCs leading the charge, how will this change India's startup narrative on the global stage?
4/ Is this maturation setting the stage for more resilient, globally competitive Indian startups, or are we risking our innovation edge? How do we look at thesis driven investing v/s fomo investing?

Link to Bain's report - https://www.bain.com/insights/india-venture-capital-report-2024/

P.S. Do note that this is 6+ months old - data points mostly look diff now but sharing it anyways. Will post more as and when I get time :)

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