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View all search resultsIndustry players have welcomed plans to reinstate purchasing subsidies for electric two-wheelers as the government looks to reduce reliance on imported fossil fuels that have become increasingly costly amid ongoing tension in the Middle East.
The investment and mining undersecretary told reporters on Thursday that a foreign EV company would break ground on a local factory "in the second or third quarter” this year, but declined to name the company due to ongoing talks.
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