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Gujarat announces comprehensive EV Policy; aims to become EV hub

Gujarat has become the latest state to announce a comprehensive electric vehicle (EV) policy. While automakers across segments have welcomed the move that will see the enabling of faster adoption of electric vehicles in the country, one needs to keep an eye on how these incentives will unfold vis-a-vis higher buyer demand. "In line with its clear policy to encourage EV adoption, the Government has extended the FAME II policy by 2 years. This, coupled with recent changes in incentive s...