This article discusses the challenges faced by automakers as they navigate the transition to electric vehicles (EVs). With the increasing share of EVs on the roads, there is a need to strengthen the EV supply chain. Automakers are now considering whether to build critical components in-house or rely on suppliers. The growth of the EV industry in India is projected to reach $40 billion by 2030, making the build versus buy decision crucial. As EVs become more intelligent, software companies are playing a key role in providing innovative solutions. The government's target of 80% electrification for two-wheelers and three-wheelers by 2030 adds to the challenge. India's IT industry can contribute to the development of software solutions for EVs, including infotainment and vehicle security.
