India’s per capita web nationwide revenue or NNI was round 135 thousand rupees in monetary yr 2020.
That is ~1,500€ ($1,800) per yr.
So it’ll be automobiles for wealthy individuals. However India is large, so it is doable.
For comparsion VW sells the ICE sedan “Vento” for ~10,000€ ($12,000) and the SUV “Taigun” can be bought this yr and is anticipated to price ~11,000€ ($13,500). Manufacturing and provide chain is usually in India. I might assume they’re nonetheless not thought-about low cost.