The Indian electric vehicle (EV) market, valued at around USD 1.45 billion in 2021, is anticipated to witness a remarkable surge, reaching an impressive level of nearly USD 114 billion by 2029. This exponential growth can be attributed to several factors, prominently including the government’s proactive measures and schemes.
The electric vehicle (EV) and mobility sectors offer several new investment opportunities in line with the global push for sustainable transportation. We can divide these opportunity into three major areas which are increasing the demand for electric vehicles, investment to ensure the supply chain and charging infrastructure.
Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.