Uber has unveiled its roadmap for sustainable mobility and revealed agreements with numerous electric vehicle (EV) manufacturers and other organisations to hasten its partners' transition to sustainable mobility in India.

According to a report by a quarterly report for Q1, 2023 by Spinny, the top three used cars being sold in the nation are the Hyundai Creta, Maruti Suzuki Baleno, and Renault Kwid. Maruti Suzuki, Hyundai, and Honda are the top three vehicle companies in terms of brand popularity among consumers.

By the end of this decade, automakers in India would invest close to US$ 10 billion (Rs. 80,000 crore) in order to construct the infrastructure needed to manufacture electric vehicles (EVs). The capital outlay would comprise investing in battery factories to create batteries from the cell level, creating a few green field EV plants, and supporting grid charging infrastructure.

As per ICRA, the revenues of the domestic automobile dealership industry are expected to grow by 11-13% in the current fiscal year (FY24). Both, the anticipated 6-9% volume growth, and a rise in vehicle pricing during the current fiscal year will contribute to the revenue growth this fiscal.

In FY24, over a dozen luxury electric vehicles (EVs), including sports utility vehicles (SUVs), are expected to be sold in India as automakers try to match consumer demand for environmentally friendly transportation with their product strategies.