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# 232 Daily Money Show | Money Purse Stock Market News
Takeaway
India's EV ambitions advancing - Mahindra's affordable EV trio plus aggressive govt 2W/4W EV adoption targets by March 2023.
Summary
- Mahindra plans to launch 3 affordable electric cars in the Rs 10 lakh range over the next 12-18 months.
- India to become Asia's largest ethanol producer; new 1,100 KLPD ethanol plant being set up.
- Government targeting by March 2023: 50% new electric 2-wheelers and 25% new electric 4-wheelers.
- Bank reported 16.5% retail loan book growth, 13.3% commercial/rural growth, 29.4% wholesale growth (7.5% advances growth overall) with CASA at 47.1%.
EVMahindraEthanolBankingLoan Growth
Original description
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