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    HomeNewsOpinionIndia’s EV incentive scheme: Incumbents brace for competition

    India’s EV incentive scheme: Incumbents brace for competition

    The government’s scheme to incentivise entry of global majors into the electric cars market poses a risk to incumbents, unless they pull up their socks

    Ananya Roy
    June 06, 2025 / 08:22 IST
    India’s EV sales amounted to $5 billion in 2024, and is projected to expand to $18 billion over the next 5 years.
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