New Delhi, July 26 -- India's electric vehicle ecosystem is finally beginning to mature. In 2025, the focus is on building a robust supply chain, from lithium refining and battery materials to localised component manufacturing and power electronics.

Recent moves by the government are accelerating this shift. It recently invited global carmakers to manufacture EVs locally in exchange for lower import duties.

Meanwhile, early investments in lithium refining are starting to materialise as players such as Lohum and Vardhaan Lithium lay the groundwork for India's battery material supply chain.

This is opening up new opportunities, not just for automakers but also r chemical, electronics, and auto component companies enabling the transition....