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Punch EV: The new car aimed at an entirely different segment of buyers, says Shailesh Chandra, who also adds that the overall pace of EV sales growth is expected to begin slowing
The plant's construction is expected to begin this year, and will generate approximately 3,000 to 3,500 jobs locally, the Vietnam-based EV maker said
Electric SUVs accounted for 1.3 percent of the overall electric passenger vehicles in CY 2018, and the share has risen to 40.8 percent in CY 2023.
Thar.e's price and date for the launch of sales has not been announced.
Toyota is not the most agile carmaker when it comes to building electric vehicles. The new management pledged to turn this around and is now preparing th...