EV penetration may rise to 10-12% of total sales in FY27: report

India's electric vehicle sector is entering a broader scale-up phase, with EV penetration likely increasing to 10-12% of the overall vehicle sales in this fiscal from 8.5% in the last year, driven by e-two-wheelers, ratings agency Ind-Ra said. The agency said it expects EV adoption to remain strongest in segments where the economics of electrification are already compelling. The two-wheeler EV penetration is estimated to increase to 8-10% in FY27 compared to 6.6% in the previous year, supported