Don’t miss the latest developments in business and finance.

GM seeks incentives for green cars

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:24 AM IST

General Motors India today sought incentives for owners of cars driven on alternative fuel and tax rate cuts to encourage adoption of such eco-friendly vehicles.

The company, which has already launched few eco-friendly vehicles in the domestic market, said it aims to sell as many as 5,000 vehicles this year.

"There are three things that have to happen to change people's mind from just fossil fuels. The vehicles has to be available. We as producers need to do that.

"The government needs to make sure that it is incentivised for both the producers and the consumers," General Motors India President and Managing Director Karl Slym told reporters at the Auto Expo here.

Besides, he said, consumers also have to decide that they want use the eco-friendly vehicles.

He said this at the first drive of electric Spark (e- Spark), which has been developed by GM in collaboration with Reva Electric Car Company.

The car is going to be commercially launched towards the end of 2010, and Slym added the company is looking at selling 5,000 units in the first year.

Among other things, on making these cars affordable, Slym said, "You can do things on a large scale such as (reducing) percentages of duties... There should be positive incentives on things for people to buy electric vehicles."

Also Read

First Published: Jan 05 2010 | 6:08 PM IST

Next Story