Alternative-fuel vehicles claim 40% market share, near parity with petrol cars

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Alternative-fuel passenger vehicles have reached 40% of India's retail automobile market, coming within one percentage point of petrol-powered models. July recorded the highest-ever monthly automobile sales figures in the country. Electric two-wheelers are also seeing unprecedented market penetration alongside this shift. The trend reflects a broader change in consumer preferences driven by cost-effectiveness. Together, these developments signal a major structural shift in India's automotive landscape.

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