1 in 4 cars in India to be an electric by 2030: VW

The company plans to introduce an India-assembled version of its ID.4 electric car over the next one year, following which it will launch a highly localised electric car that will be targeted at the mass market, VW country brand head Ashish Gupta told TOI. "We expect the Indian market to grow at a CAGR of 5-6% over this decade, and close 2030 with annual sales between 5 million and 5.6 million. Electrics will be 25-30% of this, and the volumes can be anywhere between 1.5 million and 1.8 million units," Gupta said.

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