New Delhi, Nov. 11 -- Automobile sales have been robust in October, reducing the inventory levels with automobile dealers from nearly two months' stock to 53-55 days, according to the Federation of Automobile Dealers' Association of India (FADA).
This positive turn, however, had a flip side: the share of electric vehicles (EVs) in overall sales slumped. For electric two-wheelers, it fell to 4.56% last month from 8.09% in September, while for electric four-wheelers, it dipped to 3.24% from 5.12%, FADA data reported by Mint showed.
Considering India's efforts to fast-track EV adoption, this comes as a disappointment. The next few months would be important to determine if there is any sustained shift in market preference away from EVs. For...
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