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Auto ancillary companies that are investing up to ₹ 1,000 Cr to expand their EV business

Auto ancillary companies that are investing up to ₹ 1,000 Cr to expand their EV business

India is a major customer of the automotive industry, and the Indian government is encouraging automakers to produce electric vehicles in order to achieve long-term growth. However, just 1 percent of all automobiles manufactured in India each year are electric vehicles. The Indian government plans to increase this to 30 percent by 2030.  According to [...]
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