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Key developments
Recent initiative by Department of Heavy Industry to release the National Mission for Electric Mobility is a welcome move. It has several recommendations on how to fast-track the introduction and manufacture of electric vehicles (including hybrids)
Government’s decision to deregulate diesel prices will help bring a balance in the sale of petrol and diesel cars
Liquidity and high interest rates impacted the sector for the major part of the financial year, which led to a subdued consumer demand (Click on graphic)
