According to him the rental rates will continue to remain under pressure for some time until the Stage 3 machines get flushed out of the ecosystem We are trying to find ways and means on how we can try to compensate the some of the increases in the acquisition cost through reductions in the fuel consumption, so that the total cost of ownership on for rental operator on an hourly basis or a monthly basis still remains range bound As per estimates, Stage 2 machines are likely to be exceedingly rare in India, with perhaps only a few still operational in some remote rural areas However, Stage 3 machines are still expected to constitute around 40% of the overall industry The remaining portion would primarily consist of Stage 4 machines, which have been newly introduced in the last three years since 2021 This he estimates will mean roughly 43-45 percent of predominantly Stage 3 machine owners to upgrade this year - Express Mobility News
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