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India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. The official added that inter-Ministerial discussions have happened on the customs duty concession demand of the U.S.-based electric car maker Tesla, …

Vehicles

India Could Soon Domestically Produce Cells for Electric Vehicles: Niti Aayog's Rajiv Kumar

India will soon be able to reduce import dependence with respect to cells for electric vehicles, Niti Aayog Vice-Chairman Rajiv Kumar has said, adding that research and development in the sphere of advanced chemistry cell technology and successful transition to green hydrogen will make it easier and faster. In an exclusive interview to News18.com, Rajiv Kumar said the production linked …

Electric Vehicles

The Heavy Industries Ministry on September 23 notified the ₹25,938 crore production-linked incentive scheme for the auto sector, which is aimed at boosting domestic manufacturing of advanced automotive technology products and attracting investments in the manufacturing value chain. It also said the list of advanced automotive technology vehicles like Battery Electric Vehicles, Hydrogen Fuel Cell Vehicles etc will be prescribed …

Explained | Will the production-linked incentive scheme for auto sector help the electric vehicle segment?

The story so far: The Centre on Wednesday approved a production-linked incentive scheme for the automobile and drone industries with a budgetary outlay of ₹26,058 crore. The incentive scheme for the auto sector aims to blunt the impact of costs involved when investing in technologies that could power vehicles in future. After peaking at annual sales of 3.3 million passenger …

India Indian Fuel Electric Vehicles Auto Fame Sales

The Union Cabinet on Wednesday approved a ₹26,058 crore production-linked incentive scheme to accelerate domestic manufacturing of high value advanced automotive technology vehicles as well as components and drones. “The revised focus of PLI scheme on alternative fuels, electric vehicles and utilisation of advanced technological innovation, will help the industry move faster towards the future technologies,” said TVS Motor Co. …

Government of India has approved the production-linked incentive scheme for the automobile sector. While the initial outlay approved for the PLI scheme for vehicles and components makers was Rs 57,000 crore, govt has only approved Rs 26,058 crore only incentivizing auto makers of electric and hydrogen fuel cell vehicles. The Production Linked Incentive Scheme promoting production of alternate fuel vehicles …

The Union Cabinet on Wednesday approved a Rs. 26,058 crore production linked incentive scheme for auto, auto-components and drone industries to enhance India’s manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday. The Champion OEM Incentive scheme is a ‘sales value linked’ scheme, applicable on Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles of all segments, the minister said. The …

Prime Minister Narendra Modi wants Indians to adopt electric vehicles and cut dependency on petrol and diesel vehicles. All Eyes on Nirmala Sitharaman's Budget Speech The Union Budget 2021-22 is likely to see major announcements as industry players look for a corpus in setting up EV infrastructure such as charging stations. Chetan Maini, Co-Founder, Vice Chairman at SUN Mobility with …