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Magenta Mobility to add 10,000 EVs over next fiscal; to expand to new cities

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Magenta Mobility is set to expand its electric vehicle fleet by 10,000 three- and four-wheelers in the next financial year. The company is broadening its reach to new cities and focusing on four-wheeler cargo vehicles for intercity and interstate logistics. Successful trials demonstrate the viability of EVs for longer routes, exceeding traditional range limitations.