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Tag Archives: Electric Vehicle

Anand Mahindra seeks subsidy to promote green cars


According to reports, expressing disappointment over the lack of support to promote electric cars in India, Mahindra & Mahindra CMD Anand Mahindra on Wednesday asked the government to grant subsidies to automakers to promote green cars. “We’ve been disappointed because we were banking on a subsidy that the government had in place for electric cars which has expired. The government was committed to maintain it but hasn’t done so far. So, that has put a sticker price hurdle,” Mahindra told ... Read More »

Hero Electric to ring in ‘first response vehicle’


According to reports, with its electric scooters business not doing too well, the Ludhiana-based company Hero Electric is planning to manufacture niche products to prop up sales. The company already makes high-end electric bicycles branded as A2B, which are exported to 22 countries including Europe, the UK and the US, priced around Rs 2 lakh. One of such products is a ‘first response vehicle’, designed for catering to medical emergencies in areas where ambulances cannot enter. “These would be based on ... Read More »

Electric vehicles makers hit subsidy hurdle in India


According to reports, the Government’s delay in announcing subsidy schemes for electric vehicles has led many companies to either close shop or cut back operations. Despite the Government’s announcement of the National Electric Mobility Mission Plan 2020 that envisages around seven million electric and hybrid vehicles in seven years, the subsidy schemes that would help achieve the target are yet to see the light of the day. The Prime Minister had seen all the documents and proposals related to the Policy ... Read More »

Electric cars: Can they win any road space in India?


 According to reports, it started life as a two-seater ten years; last week it re-entered public space as a four-seater hatchback. Reva, now re-branded e20, the country’s first electric car, has come up in life. But it still remains to be seen if it can set the ball rolling for electric cars in India. The launch of e20, developed by Mahindra Reva Electric Vehicles (M&M acquired Reva Electric Car Company three years ago), comes at a time when passenger car sales ... Read More »

Mahindra Reva to launch e2o electric vehicle in India on Mar 18


According to reports, Mahindra Reva, a part of 15.9 billion dollars Mahindra Group, today announced that it would launch its next generation electric vehicle– the e2o– in the domestic market on March 18. The Mahindra e2o (powered by Reva) was unveiled at the last Auto Expo here during January 2012. “We are delighted to announce the launch of the e2o, which will mark a significant milestone in Mahindra’s automotive journey. Electric vehicles today epitomise clean and green driving and Mahindra wants ... Read More »

FinMin to clear funds to boost sales of electric vehicles in India


According to reports, the finance ministry is expected to release funds next month for the extension of a subsidy scheme of the ministry of new and renewable energy (MNRE) to incentivise sales of electric cars and two-wheelers. According to a proposal pending with the finance ministry, a corpus of Rs 55-60 crore is expected to be provided by the government to retrospectively compensate manufacturers for sales of electric four-wheelers and two-wheelers made in the last two financial years. Industry sources said ... Read More »

Delhi Govt mulls subsidy for eco-friendly battery rickshaws


According to reports, commuting to a metro station will soon be a comfortable and environment-friendly affair with the introduction of new rickshaws that will run on battery or solar energy. To promote the use of these environment-friendly rickshaws, the Delhi government’s environment department will offer subsidy to manufacturers so that these are available to operators on low prices According to sources, a draft of the proposal for providing subsidy is being put together by the environment department. Sources further said that ... Read More »

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