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Vietnam ranks fourth in Asia (behind China, India, and Indonesia) for the use two-wheelers (motorcycles and mopeds) for transport. The majority of these are petrol powered and contribute to greenhouse gas emissions and pollution.
Mr Bhavish said that this factory will manufacture 2 wheeler scooters to start and then manufacture motorcycles and also Electric Cars. 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. That is how disruption works!
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