The second advantage for incumbents, at least in India, is they have a long history of after sales for their existing vehicles and that has to translate to the EV as well.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs