Top firms also press for reduction in GST on green vehicles, non-fiscal sops to promote electric mobility
The industry body also suggested non-financial means like taxing polluting diesel vehicles
"The surge in electricity demand from EVs will help recover the slow demand growth," the study said.
Last year, Tata Motors and Mahindra won an order of 10,000 and 9,500 EVs, respectively
Their parts are costlier and repairing often means replacing an entire system, which drives premium rates up
India could reach 11% market share in EVs by 2030
The issue has been politically thorny in Europe because around half the cars in the region are powered by diesel
Hidaka said the know-how that Yamaha acquires from working with Toyota can be used in its own electrification shift
Fewer than one per cent of the world's vehicles are electric, but by 2040 more than half of all new cars will run on the same juice as televisions, computers and hair dryers
In the two biggest tenders for e-cars and e-buses that have been finalised in recent months, price quoted by some companies has left industry peers surprised
The delay, said sources, was due to lack of consensus among stakeholders within the government on allocation of funds
Daimler AG is investing €10 billion in electric and hybrid technology and is preparing to launch the EQ electric car
The global energy major's statement comes at a time when India is planning to cut its crude imports by 10 per cent by 2022
Pawan Goenka says EVs need to expand gradually and a hundred per cent shift by 2030 is not possible
According to Fulbrook, India is still 10 years behind, so there is a headroom to refine gasoline proposition
Set an ambitious target, finalise the incentives, drive it from the top and avoid flip-flops in policy decisions
The company has planned to roll out its first electric vehicle by 2020
While China manufactures everything from a chip to a converter for its electric vehicles, Indian automakers use imported electronic equipment
The restructuring proposal was mooted by government think tank Niti Aayog for 'providing a leadership and inter-ministerial coordination'
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