Sitharaman, who was accompanied by top officials in the finance ministry and also those from the ministry of road transport and heavy industries, did not promise any immediate bailout NEW DELHI: The beleaguered auto industry met finance minister Nirmala Sitharaman on Wednesday and said too much focus on electric vehicles (EVs) — pushed aggressively by […]
FAME 2: GOVERNMENT OF INDIA SEEKS PROPOSALS FOR ELECTRIC VEHICLE CHARGING SET-UP IN INDIA
The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]
Can India make the transition to electric vehicles?
India has taken some baby steps but more needs to be done to improve demand and supply Finance Minister Nirmala Sitharaman announced an additional income tax exemption of ₹1.5 lakh for purchasers of electric vehicles in Budget 2019-2020. She also said that the GST rate on electric vehicles would be lowered to 5%. Can India […]
Auto industry gets an electric boost in FY20 Budget
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]
Waaree Energies Introduces Customized Solar Modules for Electric Vehicles
The modules are expected to increase the efficiency of these EV by 10-25% Waaree Energies, India’s largest solar PV manufacturer and a leader in the rooftop segment, has launched customized solar modules, a solar power solution for Electric Vehicles. These indigenous modules, specially designed for the transport industry in India, are portable, flexible, lighter, durable […]