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India Has an Electric Opportunity to Focus on Budget Cars – Bloomberg

Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.
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Automakers are yet to deliver a battery-powered alternative for the segment that dominates the nation’s sales.
A car showroom is closed during lockdown restrictions in Noida, Uttar Pradesh, India.

Sales of electric vehicles in India tripled last year to 14,800 units and there are growing signs of momentum in this key potential market of 1.4 billion people. 
Impatient consumers rushing to switch from gasoline-powered two wheelers to electric scooters have been haranguing startups like Ola Electric on social media over the waiting times for deliveries.