The company’s COO said this – Coo Roy Kurian, Greaves Cotton’s e-mobility said that the company has reduced the price of its vehicles after the revision in FAME II subsidy. At the same time, he said that the company is developing its electric vehicles according to the need of the customer. Also, the company is working to promote electric mobility.
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to demand incentive did so- FAME India Phase II fresh made in According to the change, the demand incentive on electric two-wheelers will be 10,000 per Rs. KWh increased from 15000 per Rs. KWh Has been done. Under the latest amendment, the Ministry of Heavy Industries has capped the incentive limit for electric two-wheelers to 40 percent of the cost of the vehicle. Earlier this limit was 20 percent.
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Favorable policy will encourage growth of electric vehicles “We are expanding our reach, installing charging points and re-training mechanics to create an ecosystem for electric vehicles,” Munjal said. He said that in the midst of all this, a favorable policy would encourage the growth of electric vehicles and transform the sector. although These include plug in hybrid and strong hybrid, buses are not included in this.
Published by:Kanhaiya Pachauri