Wednesday, Feb 1 2023 | Time 05:06 Hrs(IST)
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Business Economy


EV retail business in India likely to grow to USD 206 bn by 2030: experts

Mumbai, Dec 3 (UNI) Retailing of electric vehicles is emerging as one of the lucrative business opportunity in India and the industry estimated that in next 8-10 years the retail business itself will be a USD 206 billion opportunity, observed experts.
The EV manufacturers, retailers, policy makers and end-users converged at one of the largest electric vehicles show, which was kicked off here at Bombay Exhibition Center in Nesco on Friday.
The two-day mega event featuring the India EV show-conference has engaged the energy sector on various related subjects.
There is on display the latest and technologically advanced pollution free 2- & 3-wheeled e-vehicles, parts & accessories, charging solution and technology from around 100 plus exhibitors at this expo.
The Indian government is making significant efforts to grow the market for electric vehicles, a release issued here on Saturday stated.
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