India’s EV sector is at the center of the global transition to clean mobility. With passenger EVs leading the shift, manufacturers are investing heavily in capacity expansion, R&D, and supply chain integration.
This ecosystem is powered by a vast tiered vendor base, many of them MSMEs from Tier-2 and Tier-3 cities. While the industry’s future is promising, its success depends on the financial strength of these vendors who must meet growing demand without being constrained by high working capital costs.
Liquidity gaps in the EV supply chain affect cost efficiency and delivery timelines. Key challenges include:
In this ecosystem, working capital is essential, not just for MSMEs, but also for large buyer.
Get in touch to discover the benefits of M1xchange.
