New Delhi, June 21 -- India is poised to become the world's fourth-largest manufacturer of electric four-wheelers by 2030, trailing only China, Europe, and the United States, according to new research by the New York-based think tank Rhodium Group.

The country's planned electric vehicle (EV) manufacturing capacity is projected to rise more than tenfold-from 0.2 million units in 2024 to 2.5 million units by 2030.

Despite this substantial increase, India's projected domestic demand for electric cars in 2030-estimated to range between 0.4 million and 1.4 million units-will fall significantly short of this manufacturing capacity.

As a result, India could see an oversupply of between 1.1 and 2.1 million units, underscoring the importance of...