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Markets

Hero MotoCorp, Bajaj Auto shares fall as India steps on electric vehicle push

Companies seek more time to plan transition

People dressed in traditional costumes ride scooters and motorbikes as they attend celebrations to mark the Gudi Padwa festival, the beginning of the New Year for locals, in Mumbai.   © Reuters

MUMBAI (NewsRise) -- Shares of top Indian two-wheeler makers slumped Monday after policymakers pressed ahead with an accelerated deadline to switch to electric vehicles -- a move manufacturers opposed citing high costs and abruptness.

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