India, March 24 -- This revelation comes from the new boss of Stellantis for India and the APAC region, Ashwani Muppasani. And he would know since he was formerly President & Chairman at Stellantis Shanghai Automotive before taking on his new APAC role.

He also admitted that BYD had truly thrown the cat amongst the pigeons in India by launching its Tesla-rivalling sedan - t he Seal - at an incredibly competitive price . With that said, he's cognizant of the fact that EV demand has fallen off the cliff since governments in the West began retracting the thus far rather generous financial incentives offered to EV buyers in Europe and America (most of which have gone towards subsidising the sales of luxury EVs). All of which means that the u...