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Data▲ Bullish for Indian equities
EV boom gathers pace as electric car sales jump 95% on fuel prices, new models
The brief
- September electric-car sales reached 34,894 units, up 95% year on year
- Growth in EV adoption may benefit Indian automakers and battery suppliers
- CAFE-III could push carmakers towards cheaper EVs, costlier ICE vehicles
- 3X credits for range-extender EVs, ethanol benefits for hybrids: CAFE-III expands compliance options
- CAFE III norms start in April 2027; battery EVs receive three times the credit
- Tata Motors PV Expands Battery-As-A-Service Across Entire EV Portfolio: Check Prices, Battery Costs
- Tata Motors BaaS now covers all EVs: Check Tiago, Nexon, Curvv, Harrier prices