India's EV adoption in 2-wheelers happening fast, but future growth depends on govt incentives
Bajaj Auto executive director Rakesh Sharma said the government has extended several incentives, ranging from a lower GST rate of 5% on electric vehicles (compared with 28% on two-wheelers with an internal combustion engine) to support under the FAME II (Faster Adoption and Manufacturing of Electric Vehicles) scheme, to the segment.
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