EVs to reach cost parity with ICE in 2 years: Gadkari
6 months, 3 weeks ago

EVs to reach cost parity with ICE in 2 years: Gadkari

The Hindu  

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the Finance and Heavy Industries Ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association at New Delhi, Mr. Gadkari, the Minister for Road Transport and Highways, said within two years, the cost of EVs will be the same as petrol and diesel counterparts. Meanwhile, Delhi-based research think tank CMSR Consultancy said 60% of Mumbai’s population was inclined to purchase from companies that transition to electric vehicles. The data in the report titled “Consumer perceptions and insights in the last mile delivery sector for the transition to electric vehicles” found that Pune had the largest share of people expressing interest to buy from companies that transition to EV.

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History of this topic

Maharashtra government drops proposed 6% tax on high-end EVs
5 days, 5 hours ago

Maharashtra government drops proposed 6% tax on high-end EVs

The Hindu  

Maharashtra Chief Minister Devendra Fadnavis on Wednesday announced that the state government will not implement the proposed 6% tax on electric vehicles priced above ₹30 lakh. Mr. Parab argued that the proposed tax would contradict the Centre’s efforts to promote clean mobility. He stated that the shift from petrol and diesel vehicles to EVs would significantly reduce air pollution, as …

BYD plans $10 billion EV production hub near Hyderabad
5 days, 11 hours ago

BYD plans $10 billion EV production hub near Hyderabad

Deccan Chronicle  

Hyderabad: Hyderabad is emerging as a key location for electric vehicle manufacturing, with reports indicating that Chinese company BYD is considering a $10 billion investment in the region. According to thephilox.com, BYD plans to set up a production base near Telangana's capital, a move that could expand India's EV industry. BYD also delivered 4.27 million vehicles, including electric and hybrid …

EVs above Rs 30 lakh to get more expensive in Maharashtra with additional 6% tax
2 weeks, 5 days ago

EVs above Rs 30 lakh to get more expensive in Maharashtra with additional 6% tax

India Today  

The Maharashtra government has proposed an additional 6% tax on electric vehicles priced above Rs 30 lakh in the state. According to data from the industry body Federation of Automobile Dealers Associations, electric cars made up only 3% of the total cars sold in India in February 2025. However, Tesla might not be impacted as its maiden electric car for …

Luxury EVs set to become costlier in Maharashtra after state's tax hike
2 weeks, 6 days ago

Luxury EVs set to become costlier in Maharashtra after state's tax hike

Hindustan Times  

Premium electric vehicles are set to become more expensive in Maharashtra after the state's government announced its decision to levy 6% as a motor vehicle tax. The government has also raised the motor vehicle tax by 1 percentage point on individual-owned non-transport four-wheeler CNG and LPG vehicles. India's current market leader for luxury EVs is BMW, with 7% of its …

Government to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
1 month, 1 week ago

Government to cap investment in EV charging for tariff relief as Tesla entry looms, document shows

The Hindu  

India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing, a government document shows. India to prioritise EV manufacturing An industry source privy to discussions with the government said the call is being taken as New Delhi wants …

What India's new EV policy may look like
1 month, 1 week ago

What India's new EV policy may look like

Firstpost  

India’s new EV policy in the offing aims to attract global players like Tesla with lower import duties while boosting local manufacturing Going electric. AP India’s electric vehicle sector is on the brink of a major transformation with the central government poised to notify its new EV policy, originally announced in March 2023. The policy’s structured approach aims to ensure …

What India's new EV policy may look like
1 month, 1 week ago

What India's new EV policy may look like

Firstpost  

India’s new EV policy in the offing aims to attract global players like Tesla with lower import duties while boosting local manufacturing India’s electric vehicle sector is on the brink of a major transformation with the central government poised to notify its new EV policy, originally announced in March 2023. The policy’s structured approach aims to ensure that new entrants …

Third time’s the charm for Tesla? What we know about Elon Musk company’s plans to enter the Indian market
1 month, 1 week ago

Third time’s the charm for Tesla? What we know about Elon Musk company’s plans to enter the Indian market

Hindustan Times  

The airwaves are abuzz once again with the news of EV giant Tesla entering India, after two prior failed attempts. Following Tesla CEO Elon Musk’s recent meeting with Prime Minister Narendra Modi, Tesla has reportedly begun producing vehicles that it intends to import to the India market, while also scouting for potential locations to set-up a factory, although neither Musk …

India’s EV incentive plan finds no takers—government weighs fix
1 month, 1 week ago

India’s EV incentive plan finds no takers—government weighs fix

Live Mint  

New Delhi: The government introduced steep tax breaks about a year ago to lure global electric vehicle manufacturers to set up shop in India. Now, the Indian government is considering expanding the scheme to cover investments in charging infrastructure to make the policy more attractive to global EV manufacturers, people familiar with the matter said. Now, in a bid to …

Toyota India head's tax sop pitch: don't make consumers pay more for cleaner vehicles
1 month, 2 weeks ago

Toyota India head's tax sop pitch: don't make consumers pay more for cleaner vehicles

Live Mint  

New Delhi: Tax incentives for green mobility should continue for the benefit of consumers, according to the India head of Toyota Kirloskar Motor Pvt. right now are to move away from fossil fuel, to decarbonize and to indigenize," Vikram Gulati, country head and executive vice president at Toyota Kirloskar Motor, told Mint in an exclusive interview. Hydrogen opportunity While electric …

T.N. is one of the frontrunners in EV infrastructure: Union Minister Varma
1 month, 3 weeks ago

T.N. is one of the frontrunners in EV infrastructure: Union Minister Varma

The Hindu  

Tamil Nadu is one of the frontrunners when it comes to creating infrastructure needed to encourage adoption of more electric vehicles and manufacturing, according to Minister of State for Heavy Industries, Bhupathiraju Srinivasa Varma, replying to DMK MP Kanimozhi NVN Somu’s question in Rajya Sabha on February 7 in New Delhi. In response to Dr. Kanimozhi’s question on the status …

India needs 39 lakh charging stations by 2030: Report
1 month, 3 weeks ago

India needs 39 lakh charging stations by 2030: Report

The Hindu  

India’s EV charging market is at an inflection point, with more than $450 million already invested in start-ups operating charging networks and battery-swapping models. Yet, with only one public charger per 135 EVs — far below the global average of one per 6-20 EVs — urgent expansion is needed to meet India’s goal of 3.9 million charging stations by 2030, …

Batteries, EVs and more money in hand: How Auto Inc and the Indian car buyer benefits from the Budget 2024
Trending News
1 month, 4 weeks ago

Batteries, EVs and more money in hand: How Auto Inc and the Indian car buyer benefits from the Budget 2024

Live Mint  

For most of India’s ailing automotive sector clamouring for policies that promote economic growth and offer incentives, the Union Budget for FY 25-26 offers some respite. While no direct benefits were offered in the form of GST waivers or battery-size-based rebates, the automotive sector, particularly the EV sector, has received some policy changes that should give a boost to battery …

Budget 2025: 2 key stocks picks in the EV battery space post basic custom duty exemption announcements
1 month, 4 weeks ago

Budget 2025: 2 key stocks picks in the EV battery space post basic custom duty exemption announcements

Live Mint  

Budget 2025: Finance Minster Nirmala Sitharaman has proposed to add 35 additional capital goods for Electric Vehicle battery manufacturing, and 28 additional capital goods for mobile phone battery manufacturing for Basic custom duty exemption. This is expected to boost domestic manufacture of lithium-ion battery, for mobile phones & Electric Vehicles or EVs Budget Positives Speaking on the positive in Budget …

Union Budget 2025: Allocation for electric mobility schemes rise by 20%
Trending News
1 month, 4 weeks ago

Union Budget 2025: Allocation for electric mobility schemes rise by 20%

The Hindu  

Schemes promoting electric mobility in India have got a renewed push in the Union Budget 2025-26 with a funding increase of over 20% compared to last year. Funding for the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme, a two year scheme started in September 2024 to support various kinds of electric vehicles and public charging stations, has increased …

Union Budget 2025: Could tax incentives drive a surge in EV manufacturing?
2 months ago

Union Budget 2025: Could tax incentives drive a surge in EV manufacturing?

Firstpost  

India’s electric vehicle sector has witnessed remarkable growth over the past few years, driven by strong government policies such as FAME, EPMS, PLI, and the PM eDrive Scheme. However, for India to move from 9% to 50% or more penetration and push domestic manufacturing, Budget 2025 must introduce stronger tax incentives and policy measures to address key industry challenges. Strengthening …

Budget 2025: What the automotive sector needs
2 months ago

Budget 2025: What the automotive sector needs

Hindustan Times  

With the automotive industry facing a slowdown in both passenger and commercial vehicle segments, all eyes are on the upcoming Union Budget 2025-2026 to provide some much-needed respite in the form of incentives and policy support. Budget 2025: the PM e-Drive scheme, which will be implemented till 31st March, 2026, offers a subsidy of ₹ 5000/kWh capped at ₹ 10,000 …

Despite industry demand, EV charging may not get infra status in budget
Trending News
2 months ago

Despite industry demand, EV charging may not get infra status in budget

Live Mint  

New Delhi: Despite demands from the electric vehicle industry, the government may not grant 'infrastructure industry' status to the charging infrastructure sector in the upcoming budget on 1 February, two people aware of the development said. An infrastructure industry status, which allows stakeholders to secure credit at lower interest rates, is unlikely to be granted in the near term, the …

Union Budget 2025: India’s EV sector asks for a level-playing field
2 months ago

Union Budget 2025: India’s EV sector asks for a level-playing field

Firstpost  

With ambitious goals like achieving 30% EV penetration by 2030, the challenges of affordability, infrastructure gaps, and dependency on imports remain significant. Industry leaders are urging the government to address these issues through strategic measures in the upcoming budget From GST reductions to technological advancements and incentives for domestic production, suggestions from industry leaders aim to create a comprehensive roadmap …

EV market share will double in 2025: Vivek Srivatsa
2 months ago

EV market share will double in 2025: Vivek Srivatsa

New Indian Express  

However, its market share decreased from 73% to 62%. Going forward in 2025, Tata Motors will be launching the Harrier EV in the first half of the year and the much anticipated Sierra EV in the second half. It is possible for the EV market to double its penetration this year.” However, for the overall passenger vehicle market, he expects …

EV prices will become reasonable and how, explains Hyundai MD Unsoo Kim | Exclusive
2 months, 1 week ago

EV prices will become reasonable and how, explains Hyundai MD Unsoo Kim | Exclusive

India Today  

Hyundai Motor India recently added a new electric vehicle, the Creta Electric, to its portfolio. While electric car prices are currently on a relatively higher side in India, the company's Managing Director Unsoo Kim believes that they will get lower with localisation. Talking to India Today, Kim said: "We are planning several EV models in our line-up, from small segment …

Tata Motors' electric truck sales falter after India pulls EV subsidy
2 months, 1 week ago

Tata Motors' electric truck sales falter after India pulls EV subsidy

Live Mint  

Government's withdrawal of demand incentives for small pick-ups has sharply slowed the adoption of Tata Motors’ Ace electric truck, a beneficiary of the erstwhile FAME-II subsidy scheme to promote electric vehicles in India. The government's decision to exclude the four-wheeler segment, in which the Tata ACE EV also availed benefits, is a matter of “priortization", Wagh explained, as India pivots …

EV charging firm sounds alarm over weak car sales as shares tumble
2 months, 1 week ago

EV charging firm sounds alarm over weak car sales as shares tumble

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Car charging company Pod Point …

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January
2 months, 3 weeks ago

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January

Live Mint  

The Indian auto sector has showcased an outstanding performance in 2024. With a record-breaking 26.1 million units sold, marking a 9% year-on-year growth, the sector's resilience and robust demand across various segments have brought it into the limelight. While the sudden revival has piqued interest in the trading and investing community once again, the auto sector's relative strength and its …

EV sector needs no more subsidies: Minister Piyush Goyal
2 months, 3 weeks ago

EV sector needs no more subsidies: Minister Piyush Goyal

New Indian Express  

NEW DELHI: The electric mobility sector doesn’t need additional incentives as existing subsidies available to them are good enough to give necessary kickstart to the sector, commerce and industry minister Piyush Goyal said after meeting the stakeholders here on Friday. It’s a good economic case to move from ICE engine to EVs and hybrids,” the minister told the media. “Everybody …

EV stakeholders deliberate on development of battery charging and swapping infrastructure
2 months, 4 weeks ago

EV stakeholders deliberate on development of battery charging and swapping infrastructure

Deccan Chronicle  

New Delhi: Various stakeholders from the electric vehicle sector on Friday held deliberations with commerce and industry minister Piyush Goyal here on various issues, including development of battery charging and swapping infrastructure. Officials from department of heavy industries, department for promotion of industry and internal trade and auto majors including Tata, TVS and Mercedes-Benz India among others also participated in …

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy
2 months, 4 weeks ago

Watch: The Transition to EVs: Can India Lead the Charge? | Climate Economy

The Hindu  

Welcome to the first episode of The Hindu’s Climate Economy! This episode focuses on India’s transport sector, a major contributor to greenhouse gas emissions, and its rapid transition to electric vehicles. Learn about India’s dependency on imported materials like lithium and cobalt, and how the government is addressing supply chain concerns. Join us as we unpack the policies, innovations, and …

EV financing no longer risky, says Shriram Finance's executive vice chairman Umesh Revankar
3 months ago

EV financing no longer risky, says Shriram Finance's executive vice chairman Umesh Revankar

Live Mint  

Financing electric vehicle purchases is no longer risky compared to about five years ago, as more established players are now manufacturing such vehicles and the zero-emission mobility ecosystem has grown in the country, Shriram Finance's executive vice-chairman Umesh Revankar said. Revankar's assessment of the sector followed Shriram Finance's announcement of a specialized green vertical to cater to electric mobility and …

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
3 months, 1 week ago

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs

India TV News  

Union minister Nitin Gadkari today said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and it will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the '8th Catalyst Conference on Sustainability of E-Vehicle Industry - Evexpo 2024', Gadkari said the estimated electric vehicles finance market size will be around …

French auto parts supplier Valeo bets on India EV transition even as demand cools
3 months, 2 weeks ago

French auto parts supplier Valeo bets on India EV transition even as demand cools

Live Mint  

New Delhi: Growing adoption of electric vehicles in India is unlocking opportunities for the Indian arm of French auto parts supplier Valeo to increase revenue per vehicle, according to a top company executive, even if sales have temporarily slowed for one of its top customers in India. For instance, we supply Tata with onboard chargers and DC-DC converters, while Mahindra …

Pure EV Strengthens Hyderabad Presence
3 months, 2 weeks ago

Pure EV Strengthens Hyderabad Presence

Deccan Chronicle  

Hyderabad: PURE EV, one of India’s leading electric two-wheeler manufacturers, inaugurated its largest showroom in Hyderabad today. The showroom offers a one-stop destination for electric two-wheeler enthusiasts, showcasing PURE EV’s flagship products: ePluto, eTrance, ecoDryft, and eTryst. Rohit Vadera, Founder and CEO of PURE EV, highlighted the company’s vision, stating, “We take immense pride in PURE EV’s growing customer base …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
4 months ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

India to expand EV manufacturing incentives after Tesla disappointment, source says
4 months ago

India to expand EV manufacturing incentives after Tesla disappointment, source says

Live Mint  

* Incentives to be expanded to automakers using existing plants * Policy originally designed to lure Tesla to manufacture in India * Changes designed to encourage EV investment by other automakers * Policy rules expected to be finalised by March 2025 By Aditi Shah NEW DELHI, Nov 29 - India plans to expand electric vehicle incentives to automakers building models …

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO
4 months, 1 week ago

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO

Live Mint  

New Delhi: The Union government is planning to use electric vehicles for its operations, and will urge states to follow suit, Tarun Kapoor, adviser in the Prime Minister's Office said on Tuesday. States will be incentivized to electrify their government fleets through interest-free loans from the Centre, Kapoor told the EV industry at the FICCI National Conference on Electric Vehicles …

‘Marathon not a sprint’: Audi India head on EV adoption
4 months, 2 weeks ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets
4 months, 2 weeks ago

Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets

Daily Mail  

Car makers are offering record discounts on new electric vehicles in a desperate bid to invigorate demand as binding end-of-year sales targets looming, data suggests. New data from Auto Trader suggests some car makers falling short of EV sales targets are slashing prices by amounts similar to fines they'll face it they don't meet the required quota The biggest discount …

Mapping the Electric Landscape: A Deep Dive into India's EV Growth
5 months, 1 week ago

Mapping the Electric Landscape: A Deep Dive into India's EV Growth

Hindustan Times  

India's electric vehicle landscape is undergoing a crucial transition, with the government implementing various initiatives to encourage EV adoption. The focus on incentivising battery electric vehicles (BEVs) and expanding charging infrastructure has provided much-needed momentum. However, there are significant disparities in EV infrastructure across the country, with some states lagging behind. The Delhi EV Policy offers substantial incentives for purchasing …

Will new incentives smoothen the EV ride?
5 months, 3 weeks ago

Will new incentives smoothen the EV ride?

Live Mint  

The ₹10,900 crore PM E-DRIVE scheme, launched last month to accelerate electric vehicle adoption, comes as the auto sector faces new growth challenges. Read this | India changes gears to a new EV policy focus In the first half of 2024-25, the top 15 districts accounted for 21% of total four-wheeler registrations. Of these, 13 saw a decline in non-EV …

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive
6 months, 1 week ago

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive

Live Mint  

NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement, marking the third phase of the Faster Adoption …

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report
6 months, 2 weeks ago

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

The Hindu  

The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …

Cost Of Petrol And Diesel Vehicle Will Be Same As Electric In 2 Years: Nitin Gadkari
6 months, 3 weeks ago

Cost Of Petrol And Diesel Vehicle Will Be Same As Electric In 2 Years: Nitin Gadkari

ABP News  

With the rapid decline in lithium-ion battery prices, electric vehicles are on track to match the costs of petrol and diesel vehicles within the next two years, Union Minister Nitin Gadkari has said. Speaking at the annual session of the Automotive Components Manufacturers Association, Gadkari, the Minister for Road Transport and Highways, highlighted that EVs will soon maintain cost parity …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
6 months, 3 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

EV subsidies no longer required: Union Minister Gadkari
6 months, 3 weeks ago

EV subsidies no longer required: Union Minister Gadkari

New Indian Express  

NEW DELHI: The Union Minister of Road and Transport, Nitin Gadkari, on Thursday said that there is no need for further subsidies to push electric vehicle adoption in the country. “Consumers are now choosing electric and compressed natural gas vehicles on their own and I do not think we need to provide much subsidy for electric vehicles…,” Gadkari said at …

Manufacturers of electric vehicles no longer need to be subsidised by govt: Gadkari
6 months, 3 weeks ago

Manufacturers of electric vehicles no longer need to be subsidised by govt: Gadkari

New Indian Express  

NEW DELHI: Union minister Nitin Gadkari on Thursday said there is no need to provide subsidy for electric vehicles market as consumers are on their own now choosing EVs or CNG vehicles. Addressing BNEF Summit, Gadkari said initially costs of manufacturing electric vehicles were high, but as demand has increased, production costs have dropped, making further subsidies unnecessary. "Consumers are …

Indian clean transportation summit: ‘In Norway, incentives pushed EV adoption’
7 months ago

Indian clean transportation summit: ‘In Norway, incentives pushed EV adoption’

Hindustan Times  

In 2023, 87% of all passenger cars sold in Norway were electric, making it the country with the highest EV market penetration in the world. Markus Nilsen Rotevatn, the Norwegian EV Association project lead, spoke with Snehil Sinha about the 15-year transition to EVs. That was the first EV in Norway, and this sort of “civil disobedience” paved the way …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
7 months, 2 weeks ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
7 months, 2 weeks ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. To woo automakers like Tesla while also protecting domestic …

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom
8 months ago

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom

Live Mint  

In June, equity mutual funds inflows stood at a record ₹40,608 crore, while SIPs hit ₹21,262 crore. Given the growing trend of sector-based investing, Groww Mutual Fund has launched the Groww Nifty EV & New Age Automotive ETF FOF. Groww Nifty EV & New Age Automotive ETF FOF invests in the EV sector through other mutual funds that invest in …

The way forward for investments in the EV space | Explained
8 months, 2 weeks ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

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