‘India’s EV transition needs retrofitment, not just new vehicle sales’ Q&A with Folks Motor MD
- Posted on February 3, 2026
- By Financial Express
- 2 Views
‘India’s EV transition needs retrofitment, not just new vehicle sales’ Q&A with Folks Motor MD
"India’s EV powertrain retrofit market is currently valued at around USD 2.1 billion (Rs 1,800–1,900 crore) and is expected to grow at a mid-teens CAGR of about 13%, reaching close to USD 4 billion by 2026," he told FE.
