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Story summary
- India's electric commercial vehicle market is growing rapidly, with CAGR above 35% from FY2021 to FY2025 and doubling by FY2030.
- Policy support through the PM E-DRIVE scheme offers subsidies for electric trucks, while FAME-II promotes two- and three-wheelers.
- Mahindra Last Mile Mobility leads the market with over 1 lakh EV sales in FY2026.
- Despite infrastructure and supply-chain challenges, outlook remains positive as electrification becomes mainstream in India's commercial vehicle sector.
