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The Five-Year Spreadsheet That’s Quietly Rewriting India’s Auto Sector

In June 2026, four out of ten car buyers in India quietly stopped believing in petrol — not for any green pledge, but because of a five-year spreadsheet. A 43% vs. 5% GST gap between hybrids and EVs is already deciding which auto stocks are hedged and which are exposed. Here’s the tax-code story behind India’s alternate-fuel boom, and what it means for your portfolio.

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