Electric 2-wheeler capacity in India is set to multiply manifold as growing demand is changing the face of the country's nascent EV sector.
Attractive Government incentives and subsidies, supportive policy framework have helped sector growth. However, the lack of key component supply systems locally and charging infrastructure are bottlenecks.
New entrants dominate the segment while incumbent 2-wheeler players are yet to create a meaningful presence. In the listed space, Greaves Cotton (GRV IN) offers exposure via Ampere.
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