Please Tell Us Your City

location icon
    location iconClose
      Sorry!! No Matching Results found. Try Again.
      Close

      Carmakers gearing-up for a greener drive in India

      Vikas Yogi

      Vikas Yogi

      Amidst a number of concessions offered for the production of electric and hybrid cars, the Indian automobile industry is gearing up to adopt a greener approach in manufacturing cars in India. However, the lack of infrastructure and affordable technology, are still proving a road block in the viability of large scale commercial production of eco-friendly vehicles in the country.

      In a recent statement given by Society of Manufacturers of Electric Vehicles (SMEV) Director Sohinder Gill , “In the Budget, the finance minister reduced the import duty on batteries from 26 per cent to four per cent. This would directly translate into reduction in running costs of electric vehicles by a fifth. This, coupled with the incentive scheme announced in November last year, would double the sale of electric two-wheelers in the organised sector in the coming financial year.”

      As per the projections made by SIAM, the sales of electric two wheelers are expected to increase from 40,000 units to 80,000 units. On the other hand, the electric car sales are projected to jump three fold to 3000 units in the current year.