Press Esc to close
Saturday 31 January 2015
News updated at 5:01 PM IST
Weather
Max: 28°C
Min : 17°C
In Bengaluru
Sunny day

E-vehicle policy okayed

NEW DELHI, Aug 29, 2012, DHNS :

To spur electric and hybrid vehicle production in the country, the Centre on Wednesday approved draft electric vehicle policy.

The policy outlines to produce 60 lakh electric vehicles by 2020 with the investment of Rs 23,000 crore, Heavy industries secretary S Sundareshan told reporters here.

Of the Rs 23,000 crore, half will invest from the government and the rest will be from corporate sector he said. After the meeting of the National Council for Electric Mobility (NCEM) here, attended by Union Minister for New Renewal Energy Farooq Abdhulla, Urban Development Kamal Nath, Road Transport and Highways C P Joshi and Heavy Industries Praful Patel, it was decided that the final policy document will be released by  Manmohan Singh soon.  However, the Secretary did not reveal the details of the policy including incentives given to industry.

At present, only Mahindra Reva sells a fully electric car in India, while there are a few electric two-wheeler makers such as Hero Electric and Electrotherm.

Currently, most of the components used in making electric vehicles in India are imported. In future, India wants to use locally manufactured components in the vehicle for which the policy will also have the road map to set up research and development centres, he said.


Go to Top

Photo Gallery
A visitor takes a 'selfie' in front of an exhibit titled 'Circle Uncircled' by artist Rahul Kumar...

A visitor takes a 'selfie' in front of an exhibit titled 'Circle Uncircled' by artist Rahul Kumar...

A tightrope walker is silhouetted against the setting sun as she holds a balancing pole...

A tightrope walker is silhouetted against the setting sun as she holds a balancing pole...

Prime Minister Narendra Modi paying homage to Mahatma Gandhi on the occasion of his death...

Prime Minister Narendra Modi paying homage to Mahatma Gandhi on the occasion of his death...

President Pranab Mukherjee paying tributes to father of the nation, Mahatma Gandhi...

President Pranab Mukherjee paying tributes to father of the nation, Mahatma Gandhi...

Lawyers stop a train at Moradabad Railway Station on Friday during a protest demanding...

Lawyers stop a train at Moradabad Railway Station on Friday during a protest demanding...

An elderly woman and a boy stand outside their house with walls damaged in alleged firing from...

An elderly woman and a boy stand outside their house with walls damaged in alleged firing from...

New recruits of the Indian Border Security Force (BSF) take oath during a graduation ceremony...

New recruits of the Indian Border Security Force (BSF) take oath during a graduation ceremony...

A groom leads his horse in the equine pool after working out on the track, during early morning...

A groom leads his horse in the equine pool after working out on the track, during early morning...

A handler bathes a horse after a training session ahead of the Indian Derby in Mumbai...

A handler bathes a horse after a training session ahead of the Indian Derby in Mumbai...

Ladakhi women offering prayers during the inauguration of traditional Buddhist prayer...

Ladakhi women offering prayers during the inauguration of traditional Buddhist prayer...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523