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Electric vehicle segment stutters; ancillaries, battery makers may overtake OEMs

Updated : August 18, 2020 07:55 PM IST

In 2019-20, the electric two-wheelers recorded sales of around 1.52 lakh units as compared to 1.74 crore traditional two-wheelers sold during the year.
Auto ancillaries and battery makers are expected to benefit at a faster pace even as the OEMs are slowly shifting towards the EVs.
Electric vehicle segment stutters; ancillaries, battery makers may overtake OEMs

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