The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones
These start-ups are collectively putting in over $500 million to design and make electric two-wheelers and create the charging infrastructure to make EVs a reality
Despite the challenges, the Survey noted that electric vehicles will be the future in India
While fuel and gold are set to get more expensive, the Budget proposes tax sops on affordable housing and electric vehicle loans
Volkswagen sold more vehicles than any other carmaker in the world last year
In June last year, Ather opened its flagship product Ather 450 for pre-orders in Bengaluru, while deliveries started in September
The company claims that the Kona EV delivers a range of 452 km in one single charge under standard testing conditions.
Frequent shifts in the goalpost are sending out confusing signals to an industry used to long investment cycles
The firm is bullish about EV market after govt's push for e-mobility in Budget
While the govt and NITI Aayog have done much groundwork on technologies like AI, IoT and analytics, the hitch lies in execution
Industry says deadline could impact a sector already facing a slowdown and dealing with BS-VI compliance; govt warns of court action
Chinese government had introduced subsidies to promote EV sales way back in 2010
Yet it's more than just tires that are being changed. Auto firms are putting semiconductors and sensors inside headlights, glass and seats to make them as intelligent as the cars driving themselves
However, the actual number of electric vehicles could be much more as a lot of e-rickshaws operate without any registration
While Indian Oil Corporation has partnered clean energy firm Fortum India for EV charging stations, Hindustan Petroleum is setting up charging stations with Tata Power
VW will invest $2.6 billion in Argo AI, Ford's self-driving cars venture
Greaves acquired Ampere Vehicles in October 2018 for Rs. 77 crore as part of its long-term growth strategy to deliver superior products and services in last-mile e-mobility.
While China manufactures everything from a chip to a converter for its electric vehicles, Indian automakers use imported electronic equipment
For petrol car with Rs 500,000-600,000 tag, EV variant won't be less than Rs 1.2 mn today, says Maruti Suzuki chairman
The restructuring proposal was mooted by government think tank Niti Aayog for 'providing a leadership and inter-ministerial coordination'