Summary
A report by ratings agency Ind-Ra predicts that electric vehicle (EV) penetration in India will increase to 10-12% of total vehicle sales in FY27, up from 8.5% last year, primarily driven by e-two-wheelers and e-3Ws. The report highlights that while long-distance EV adoption will be slower, electric passenger vehicles and e-buses are also expected to see robust growth.
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