Comment by porridgeraisin
12 hours ago
Tier ? cities like Coimbatore already have great EV penetration compared to the metros. Due to better charging infra, and low 4W penetration. Basically low penetration overall. Of course. Taxis stick to the CNG Dzire, so maruti will always appear really high in market share numbers. And they have the aspirational SUV owner covered too with Ertiga (7 seater for 9L).
Oh yea cities that are Coimbatore, Nagpur, or Ludhiana tier have already seen a boom in car (EV or Gas) sales, but the main market being targeted now is small towns (think Palani, Satara, or Kurkushetra type urban settlements).
Basically, if a Domino's, KFC, Chaayos, Reliance SMART, or Motilal Oswal can operate in that district, it has become a target market for consumers, and most dealflow is now trying to find opportunities to enter that market (eg. Lahori Zeera).