Do Indian EV Startups Stand A Chance Against The Legacy Players? (2025)

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, By INC42

Do Indian EV Startups Stand A Chance Against The Legacy Players? (1)

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Commerce and industry minister Piyush Goyal’s comments last month that Indian startups were doing very little in the realm of deeptech may have ruffled a few feathers, but it struck a nerve for a reason. Well, by now, it shouldn’t come as a surprise that India is miles behind its more advanced peers like the US and China.

Now, there may be plenty of explanations — funding gaps, limited R&D, policy conundrums — but the hard truth is that India’s deeptech euphoria has been built on shaky grounds. While many of us may agree to…

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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, By INC42

Do Indian EV Startups Stand A Chance Against The Legacy Players? (3)

Mobility

Commerce and industry minister Piyush Goyal’s comments last month that Indian startups were doing very little in the realm of deeptech may have ruffled a few feathers, but it struck a nerve for a reason. Well, by now, it shouldn’t come as a surprise that India is miles behind its more advanced peers like the US and China.

Now, there may be plenty of explanations — funding gaps, limited R&D, policy conundrums — but the hard truth is that India’s deeptech euphoria has been built on shaky grounds. While many of us may agree to…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Do Indian EV Startups Stand A Chance Against The Legacy Players? (2025)

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