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In markets like Thailand and Vietnam, they even have a hybrid tax benefit. In Thailand, normal super car tax is about 300 per cent, but if you buy a hybrid, it’s about 150 per cent.
Regarding demand, Mr Bhavish said that the 2 wheeler market is under penetrated in India, and countries like Vietnam use more two wheelers per capita than India. I mean why would you buy a noisy pollution causing dumb petrol scooter from these dinosaur companies over the high tech, software driven Ola App scooter?
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