New Delhi, Nov. 7 -- There's an interesting twist in this story, though perhaps not entirely unexpected. As buyers thronged showrooms in the thousands to snap up petrol and diesel cars after steep GST (goods and services tax) cuts in October, electric vehicles-which didn't get a tax break-ended up as an inadvertent casualty.
Data released by the country's top dealers body, Federation of Automobile Dealers Associations (Fada) on Friday showed that the total share of EVs-across scooters, bikes and cars-fell to its lowest level in the current financial year.
The share of electric two-wheelers dropped to 4.56% in October from 8.09% in September, while electric four-wheelers fell to 3.24% from 5.12%. These are the lowest levels in months-las...
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