New Delhi, June 20 -- India's electric four-wheeler manufacturing capacity is poised to surge over tenfold - from 0.2 million units at present to 2.5 million by 2030 - positioning the country as the fourth-largest producer globally, trailing only China, Europe, and the United States, The Indian Express reported, citing a new report by the New York-based Rhodium Group.

Capacity to outpace domestic demand

Despite this projected expansion, India's output could surpass local demand by 1.1 to 2.1 million units over the next five years.

Rhodium estimates that domestic demand for electric cars will grow from 0.1 million units in 2024 to between 0.4 million and 1.4 million by the end of the decade.

With total four-wheeler sales expected to to...