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- Car makers are gearing up to launch affordable hybrid and electric cars for India in the next few years.
- They are lured by govt incentives for fuel-efficient vehicles as India accelerates efforts to cut worsening air pollution.
- FAME (Faster Adoption and Manufacturing of Hybrid and Electric cars) was launched last year & offers concessions of up toRs.1,38,000 on the sale of Hybrid cars.
- Meanwhile, Maruti has already invested in developing a low-cost version of hybrid technology, irrespective of government incentives.