Two years ago, talking about electric vehicles in India was like talking about a future that is at least a decade down the lane. Fast forward, EVs in India are all the hype, with the homegrown auto giant Tata owning 90% of the market share.
Back in 2020, when people were least interested in EVs, the nascent industry was tough to crack. Yet — with its automobile household name — Tata Motors Limited (NYSE:TTM) was able to woo the customers. And no, the first-ever Tata Nexon was not made in Tata's fancy setup or took a huge amount of money, but rather it was made in an unused shop with limited investment.
