Key players in the plug-in hybrid electric vehicles market are investing heavily in R&D to introduce next-gen models. They are also collaborating with other players and tech firms to expand their product portfolios and reach a wider consumer base. Manufacturers are also employing investment strategies to expand their presence in the high-potential economies. For instance, Hyundai Motor India proposed to invest USD 2.45 billion in Tamil Nadu to boost its electric vehicle production in the country.
Some of the key players include:
Author Credits: Saima Khursheed
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