The Electric Vehicle sector’s growth in the Indian mar-ket is led by the growing need to curb the air pollution levels as well as by the rising incentive schemes by the government to support manufacturing as well as use of electric two-wheelers and three-wheelers. Moreover, consistently increasing affordability of electric two-wheelers and three-wheeler vehicles is also boosting their adoption across the country. Increasing investments by electric vehicle manufacturers to develop more advanced, efficient and affordable electric two-wheeler and three-wheeler vehicle is likely to fuel growth in the coming years.
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October - November 2019