Earlier major Indian automakers Hero MotoCorp, Bajaj Auto and TVS Motor Co opposed the NITI proposal
Bajaj Auto Managing Director Rajiv Bajaj said "we believe 100 per cent transition is completely uncalled for"
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan
NITI Aayog officials met with executives from companies including Bajaj Auto, Hero MotoCorp and TVS late on Friday
The start-ups said unless India had size and scale in EVs, it would miss the worldwide e-mobility revolution
The move, aimed at promoting electric vehicles (EVs) in India, comes at a time when the country plans high penetration of such vehicles by 2030
India is the world's largest market for two- and three-wheelers. It sold 21,181,390 units of two-wheelers and 701,011 units of three-wheelers in the year that ended in March 2019
Battery-making was seen a key pre-condition to develop the ecosystem around EVs, as the battery accounts for almost half the EV cost, which can be brought down if batteries are made locally
Indian think-tank Niti Aayog, chaired by Prime Minister Narendra Modi and which plays a crucial role in policymaking, is working with several ministries on the new policy
The two parties will jointly fast-track e-mobility in the city's public transport by installing 100 public charging stations and promoting EVs on rental and purchase basis within municipal limits
Two- and three-wheelers seem likely to take off first and the ride-share market will probably be more enthusiastic than private owners
Two incidents of fires were recently reported from Shanghai and Hong Kong which involved model S and model X electric vehicles.
In 2018, Chinese sales topped 1.1 million cars, more than 55% of all electric vehicles sold in the world.
Mahesh Babu, chief executive at Mahindra Electric, confirmed that the company had stopped the production of the model for the domestic market
In 2019 till date, PE, VC investment in the sector has been Rs 2.1 crore, in one deal
Significant investment is being mobilised by public and private sectors to manufacture and install electric vehicle supply equipment (EVSE) infrastructure across India
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The government is doing everything it can to spur sales of new-energy vehicles. First, it should stop them from spontaneously combusting.
Company entered Indian market in October 2017 with pilot, is silent on quantum of investment planned