New Delhi, March 16 -- As electric vehicle (EV) sales falter in the US and Europe faces rising competition from Chinese automakers, India's electric vehicle market is a rare bright spot, posting strong double-digit growth, albeit on a smaller base, and attracting fresh investments from both global and domestic carmakers.

Industry experts say government incentives, rising adoption, and investments from legacy and new automakers are driving India's EV growth. Companies are expanding production and model lineups, with some viewing India as a potential global supply hub. Analysts note that this gradual, policy-backed growth could sustain momentum even as subsidies taper.

Japan's Honda Motor on Thursday announced a $15.7 billion write-down o...