Electric vehicle technology is fairly a new concept in India. Since this is a new concept sourcing of good components and raw materials is one of major problems faced by the EV Manufacturers.

Good component suppliers are scarce and since this is an upcoming market, the costs of the components are high. For example the batteries are one of the key components in an EV and this could be expensive due to a simple fact that this has to hold a large amount of charge for a vehicle to run for long distances and it should be small in size to fit in the vehicle. 

Getting suppliers for other components who can supply on time with quality so that you can assemble and deliver the product on time to your customers is another challenge.  

EV is an evolving technology and there is a constant innovation happening around this technology. We are going to see every now and then barriers getting broken in terms of mileage offered for a single charge, how fast you can charge the batteries and the top speed of the vehicle.

New innovations leads to new product developments and no one would like to be left behind. We are going to be seeing newer, sleeker and faster vehicles being launched from competitors every month.  So as an EV manufacturer you should be ready to adopt with constant R&D.  

To manage all this at one go, you need intelligent ERP software that can help you grow. This ERP software will become the backbone of your company operations. It should be more user friendly for your users at the same time a bridge between you and your supplier network.