What percentage of Indian CVs should penetrate the market with alternate fuel options by FY30?

The rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy commercial vehicle) category.

• Option 1: Between 15-20%
• Option 2: 25-30%
• Option 3: 40-45%
• Option 4: Below 10%