Edelweiss Wealth Management sees multiple investment opportunities in India's electric vehicle segment.
The nation lags the global counterparts in the EV race but will be able to pick up some steam after the recent incentives by the government, Anshu Kapoor, president and head (investment management) at Edelweiss Wealth, told Niraj Shah on the sidelines on BQ Prime Edge event.
In India, EV penetration, according to Edelweiss, is led by two-wheelers, unlike the developed markets where it is driven by luxury passenger cars.
And while the incumbent companies have been slow off the blocks, it would be wrong to write them off, he said. A lot of good opportunities are currently available in the private space, Kapoor said, adding that these will get be available for public market investors as well.
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