India's electric vehicle sector is scaling up faster than many expected, with ratings agency Ind-Ra forecasting EV penetration could hit 10-12% of total vehicle sales in FY27, up from 8.5% last year. The bull case is that this isn't just a policy push—it's becoming economically irresistible. Two-wheeler EV penetration is estimated to rise to 8-10% from 6.6%, supported by lower operating costs and convenient home-charging options. Even more striking, electric...