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Why are EV shares hovering? Tesla et al. know what legacy automakers don’t — market loves disruption

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Tesla’s Gigafactory in Shanghai

Synopsis

The market believes conventional automakers could not emerge winners from the transformation to smarter, cleaner mobility. In India, no main listed automaker is but to be meaningfully valued for its publicity to new mobility, or lack of it. While startups can put India on the world EV map, fundraising and the dearth of a conducive ecosystem are huge killjoys.

Their faces had lit up like a Christmas tree, actually. As highway transport and highways minister Nitin Gadkari lately introduced that US electrical automobile (EV) main Tesla will begin India operations in early 2021, the cheering response from the nation’s auto fanatics was unanimous – the wait is lastly over. And understandably so. In 2020, amid the pandemic, Tesla soared to new heights. It first grew to become the world’s No. 2 automaker by market

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