EV Focus Sparks Investor Interest in Indian Auto Sector: ET

India’s automobile sector is drawing strategic and financial funding after a gap of nearly five years as the industry lays out electrification and aggressive growth plans, The Economic Times reported.

Last week, Japanese company Kubota Corp said it is investing 9,400 crore rupees (about $1.2 billion) in farming equipment makers Escorts Ltd, while last month, US private equity fund TPG Capital said it would infuse 7,500 crore rupees (abont $1 billion) in Tata Motors’ electric vehicle arm.

The electric vehicle ecosystem in India is at an inflection point and has emerged as an attractive investment proposition, the report said, citing industry experts.

Read the full report: The Economic Times

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.