Ev Policy

India can extend EV concessions to Chinese firms that pass stricter FDI test, says official

The comments come amid speculation that India may go slow on approving investments from China following its role in aiding Pakistan during the recent military conflict with India

Year-ender 2024 | Policies that will redefine future of mobility in India

While the second edition of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) scheme concluded on March 31, 2024, a slew of other policies were notified to give a renewed thrust on battery-driven vehicles

'No business case': BYD puts India assembly line plan on backburner, to continue importing cars from China

BYD also said that it is not ready to apply for benefits in the short term under India's new EV policy announced earlier this year which seeks to attract global manufacturers to the country.

Cabinet approves PM E-Drive scheme with Rs 10,900 crore outlay

The scheme will offer subsidies/demand incentives worth Rs 3,679 crore to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.

High-End Hesitation: Luxury automakers wary of new EV policy amid demand jitters

Luxury carmakers feel the Indian market has not yet evolved to a point that justifies investment in the local manufacture of premium EVs, which cost Rs 50 lakh and above.

We will wait for a tweet: Govt official on Tesla's India plans

Since Elon Musk cancelled a scheduled visit to India in April that was expected to come with an announcement of Tesla's entry into the country, the Centre has not received any inquiries from the US-based electric car maker on investing via the EV policy.

No plans to leverage EV policy for JLR, says Tata Motors CFO

Tata Motors believes that the EV policy is not aligned with Jaguar Land Rover's India strategy and it has no plans to utilise that policy to expand the British luxury brand's business in India

Mercedes-Benz to bring its most expensive electric car to India as luxury EV demand grows

The German luxury carmaker has already pumped in Rs 3,000 crore for its Pune greenfield facility and is open to invest on BEVs (battery electric vehicles) if there are favourable market dynamics and upward thrust

EV industry upbeat on Modi 3.0 with hopes of continued policy support, fresh sops

Multiple Industry stakeholders, including EV manufacturers, told Moneycontrol that notwithstanding the compulsions of the coalition government the thrust on EV ecosystem and net zero emissions with continue unabated during Modi 3.0

Govt to hold 2nd meet with stakeholders to issue draft guidelines for new EV policy

During the window opening period, companies can apply. So, companies will apply and we will evaluate their applications, a senior official said

Govt to come out with detailed guidelines for electric vehicle policy

The Ministry of Heavy Industries has already held the first round of consultation last month

Tata Motors shifts gears, prioritises market development to accelerate EV penetration

Despite missing its FY24 sales target, the company remains confident about exceeding expectations this fiscal year. Group CFO PB Balaji emphasised Tata Motors' commitment to EV expansion, revealing plans to launch the Curvv EV as part of their strategy.

Unfazed by impending entry of Tesla, new EV policy has safeguards: Mercedes-Benz India

Mercedes-Benz India Managing Director & CEO Santosh Iyer said, "We also have a huge R&D centre in Bangalore with more than 10,000 people. So from investment and from our presence in India, we are fully committed to the market."

A bait for Tesla

But will bringing in Musk’s electric car company solve India’s manufacturing problem? 

Govt's EV policy is an 'aggressive' push towards EV adoption, says Pawan Goenka

The former MD of Mahindra & Mahindra feels the Centre's new EV policy will accelerate the adoption of electric PVs in India, where the country lags behind the global average

Duty cut benefit in EV policy not to impact domestic players; to expand market

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that the government has taken the view of all the concerned stakeholders on the policy, which was balanced to the public interest.

Tesla and beyond: India bets on EV policy sops to attract global players

India has already taken steps to push for the adoption of EVs, including PLI schemes on advanced chemistry cells, automobiles and automobile components, even as the GST on EVs was reduced to 5 percent from 12 percent.

New EV policy defines minimum investment at Rs 4,150 crore, customs duty lowered for limited import

The EV policy norms imply companies will have to set up manufacturing and start production in India within three years with at least 25% of the components sourced locally.

India will promote EVs but not on the back of subsidies, says Trade Minister Goyal

While talking about the aim to develop the domestic automobile sector, with a deep focus on EVs, Goyal invited global companies to manufacture in the country given the cost effectiveness India offers.

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment.

FM Sitharaman denies report, says no proposal before her to lower import duty on EVs

According to Reuters report earlier, the Indian government is planning a policy that could allow the import of EVs at a tax of as low as 15 percent. Sitharaman, however, said no such proposal has been tabled before her.