Anurag Singh, Advisor, Primus Partners, shared his view that EV production in the Rs 10–20 lakh segment has expanded rapidly, with capacity now likely to outstrip demand, as reflected in current discounts. He said that while the long-term outlook for EVs remains strong, the market could see a few weak months or quarters. Singh added that EV adoption is only now moving beyond early adopters, as greater visibility on customer experience and total cost of ownership begins to shape broader buyer confidence.