Agency News

⚡Auto Sector of India Lease Impacted by China’s Rare Earth Magnet Curb, Says Report

By ANI

In India, EV adoption is still at an early stage, with penetration at just 7 per cent for two-wheelers and 3 per cent for passenger vehicles. Although EV sales have grown at a strong compound annual growth rate (CAGR) of 25 per cent between FY23 and FY25, the growth is on a low base.

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