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Leapfrogging from ICE to EV? Early times

India predominantly has been the fastest growing automobile market in the world. The Indian auto sector presently manufactures ~30mn vehicles annually (contribute 7.5% to GDP) and employ >37mn people (directly and indirectly). The Govtu2019s push for the electric mobility coupled with incentivization of EVs (GST reduced to 5%) makes a strong case for higher EV penetration in India over the next decade.

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