EV Policy

Expectation of EV Industry from 2023 Budget

India’s expanding EV industry is awaiting the upcoming 2023 budget, which will be delivered by Union Finance Minister Nirmala Sitharaman on or before February 1, 2023. A number of benefits, including the continuation of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme beyond 2024 and a reduction in GST, are expected …

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Vedanta Rolls Out Electric Vehicle Policy for all employees

Vedanta Ltd. announced on Tuesday that as part of its commitment to net-zero carbon, it has implemented an electric vehicle policy for its staff. Vedanta employees will receive significant discounts on the purchase of electric two and four-wheeler cars under the recently announced incentives (EVs). Vedanta rolls out electric vehicle policy for all employees With its …

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M&M to Invest Rs 10,000 Crore in Pune EV Plant

One of India’s top automakers, Mahindra & Mahindra Ltd. (M&M Ltd.), has chosen to invest Rs 10,000 crore in its Pune factory for electric vehicles (EVs) as part of the Maharashtra Government’s industrial promotion initiative. Based on the state-of-the-art INGLO EV Platform, these include the e-SUVs under the iconic brand – XUV with the Twin …

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Australia Passes Electric Car Discount Bill

The Australian federal government has passed the Treasury Laws Amendment (Electric Car Discount) Bill, which will exclude fleets and novated leases from paying fringe benefits tax (FBT) and offer discounts of up to $2000 on the purchase of battery electric and plug-in hybrid vehicles. In addition to various state and territorial incentives, discounts are given …

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Philippines to Remove Tariffs on Electric Vehicles

To increase demand in the face of high fuel prices, a Philippine interagency panel led by President Ferdinand Marcos Jr approved to remove tarrifs on electric vehicles (EVs). Marcos will sign an executive order reducing for five years the most favored nation tariff on EVs like automobiles, buses, vans, lorries, motorbikes, and bicycles. At this …

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Made In India Pravaig Electric SUV Defy launched Price tag 39.5 Lakhs

Pravaig, a Bengaluru-based automotive startup, has debuted the electric Defy SUV, its first SUV, for a price of Rs 39.5 lakh (ex-showroom). The company was established in 2011 in Jaipur and immediately started producing specialized off-road buggies after getting funding from the French renewable energy company Eren group. Made In India Pravaig Electric SUV Defy …

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Ather plans ambitious plans to become India’s largest EV manufacturer, invests Rs 320 crore in new plant

Ather is close to finishing negotiations to establish a new facility with an annual capacity of roughly 1 million electric vehicles with the state governments of Gujarat, Tamil Nadu, Karnataka, or Telangana. As a result, Ather will become the largest EV manufacturer in the nation. Ather Energy, a leading manufacturer of electric vehicles, increased its …

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Indian Railways to replace its fleet with Electric Vehicles

As a major step towards the decarbonization of the transport sector and achieving the Net Zero emissions, the Indian railways has decided to replace its fleet including owned/hired/leased Internal Combustion Engine (ICE) cars  with electric vehicles. Indian Railways to replace its fleet with Electric Vehicles As a significant step towards the decarbonization of the Indian transportation …

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