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Mansoor, chief executive officer of the MAuto Group, said that petrol-driven auto rickshaws cost ₹ 350– ₹ 400 per 100 km, and their electric counterparts cost ₹ 40. "The retrofitting of auto rickshaws will cost only ₹ 1.2 to ₹ 1.5 lakh. We are ready to convert vehicles registered after 2000", he added.
In Sept 2021, to boost the automotive industry with the newer and green technology the Government of India (GoI) launched 3 PLI schemes, a Rs. 26,000 cr (US$3.61 b) scheme for production of electric vehicles and hydrogen fuel vehicles (PEVHV), the Rs 18,000 crore (US$2.5 b) "Advanced Chemistry Cell" (ACC) scheme for new generation advance ...
[clarification needed] Indian government has reduced GST rate on EVs from 12% to 5% in the Union Budget 2019 to encourage electric vehicles. The Indian government gives an additional tax benefit of Rs 150,000 on the interest paid on loans taken to buy EVs. The EVs in India are exempted from paying road tax for vehicle registration.
Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank ...
The SoftBank-backed company's IPO, the first by an electric vehicle maker in India and also the country's biggest this year, has received bids worth about $447 million, 1.06 times the shares on ...
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [11] [12] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
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Ather Energy is an Indian electric two-wheeler manufacturer, headquartered in Bangalore. It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters known as the Ather 450 Apex, Ather 450S, Ather 450X, Ather 450X Pro and Ather Rizta. It has two EV manufacturing facilities, one in Whitefield, Bangalore ...