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Shailesh Andrade / Reuters
It is expected to spur innovations and lower costs in fast-growing markets.
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Mahindra & Mahindra is the only electric car maker in India but has struggled to ramp up sales.
Trailblazing electric carmaker Telsa launched their highly anticipated lower-cost electric sedan, 'Model 3', in an event on Friday in the US. There is a big surprise for India--the $35,000 car is also...