India's electric two-wheeler market has seen a significant sales increase in Q3 FY 24 compared to Q2 FY 24, indicating robust growth. There was also a year-on-year growth in Q3 FY 24 compared to Q3 FY 23. The ongoing Q4 FY 24 has already recorded impressive sales figures. The President highlighted the exponential growth of electric vehicle sales in recent years. Stakeholders anticipate potential policy developments in the upcoming budget, including the introduction of FAME III. Industry leaders are optimistic that FAME III will foster a conducive environment, incentivize manufacturers, and boost consumer affordability.
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