Gulf oil shock accelerates India's EV pivot as petrol costs drive showroom traffic

Rising fuel prices from the Gulf oil shock are pushing Indian consumers toward electric vehicles, with carmakers reporting higher EV sales and a surge in showroom enquiries as buyers reassess petrol-powered options.

— Filed Fri, 19 Jun, 2026, 03:36 IST · Source Financial Times · India · Updated

Rising fuel costs from a Gulf oil shock are accelerating India's EV adoption, with carmakers reporting higher sales and showroom enquiries as consumers pivot away from petrol vehicles.