Industry thanks ‘progressive’ and ‘visionary’ government initiative – Technology News, Firstpost


Recently reported Maharashtra EV Policy 2021 is intended to have a clear impact on the introduction of electric vehicles in the state. The Rs 930 crore initiative, which runs until March 2025, offers higher subsidies for electric two-wheelers, electric cars and SUVs, as well as electric buses. An early bird incentive – for purchases made until 31 December 2021 – means that electric car prices in India will be the lowest in Maharashtra by the end of 2021.

Key players in the Indian electric vehicle business have responded to the revised electric vehicle announcement, recognized its significance and shared their thoughts on what the potential impact of this policy may be.

Manufacturers of electric two- and four-wheel vehicles will greatly benefit from the introduction of Maharashtra EV 2021.  Photo: Tech2

Manufacturers of electric two- and four-wheel vehicles will greatly benefit from the introduction of Maharashtra EV 2021. Photo: Tech2

Sohinder Gill, CEO of the Association of Electric Vehicle Manufacturers (SMEV) and CEO of Hero Electric, commented on the policy statement: “The policy of the Maharashtra government gives us the privilege of reaching our potential state in the state… The central government changed FAME 2 and now individual state policies like this are just Encouraged the introduction of electric vehicles in India. The government’s increased subsidies for batteries and vehicles, in addition to encouraging battery manufacturers to invest in the state, will only help the growing interest among investors and companies looking to participate in the segment. “

Hero Electric plans to set up a new production facility with an annual capacity of 10 legal units.  Photo: Hero Electric

Hero Electric plans to set up a new production facility with an annual capacity of 10 legal units. Photo: Hero Electric

“At Hero, we look forward to this new phase of e-mobility being steered with states and consumers looking for a green, clean mode of transportation,” Gill added.

Ather Energy – which recently decreased prices due to the increase in electric scooters FAME-II support mixed Gujarat EV policy – is one of the many manufacturers whose models are now much cheaper in Maharashtra due to the introduction of the policy.

Prices for Ather Energy’s 450 Plus and 450X scooters in Gujarat have dropped by Rs 20,000.  Photo: Ather Energy

Prices for Ather Energy’s 450 Plus and 450X scooters will fall by Rs 25,000 in Maharashtra by the end of 2021. Photo: Ather Energy

“The Maharashtra government’s new electricity policy is very comprehensive and takes into account the entire electric car ecosystem. Incentives offered on both the demand and supply side will accelerate the deployment and manufacture of electric cars in the country. In addition to demand incentives, the policy also encourages buy-back and scrapping. An early bird incentive is a great mechanism to start things up and increase festive sales. “

“Ather Energy is geared to meet growing demand in Maharashtra through retail in key cities such as Mumbai, Pune, and plans to expand to Nashiki and Nagpur soon. Such advanced policies by state governments have the potential to drive electric vehicles faster in the country,” Mehta added.

Another electronic two-wheel brand that recently announced revised prices for its models in India and India Gujarat is Okinawa Autotech, whose bid prices are falling to the lowest in the state of Maharashtra.

The Okinawa High Speed ​​Range will run from less than 40,000 in Maharashtra until the end of 2021.  Photo: Tech2

The Okinawa High Speed ​​Range will run from less than 40,000 in Maharashtra until the end of 2021. Photo: Tech2

“We are motivated by an increasing number of Indian states stepping up their efforts to expand the deployment of electric vehicles across the country by developing new initiatives and inventing effective policies. The Maharashtra government’s new electric vehicle policy is exceptionally thorough. and manufacturing.This forward-looking policy will accelerate the transition to electric cars. ”With this additional momentum, Okinawa will certainly expand its presence and foothold in the region. We share the government’s goal of reaching all regions of the country with a diverse product range so that people have options, especially after the increase in support for FAME II policy last month, ”says Jeetender Sharma, CEO and founder of Okinawa Autotech.

Like Ather Energy and Okinawa Autotech, Ampere Electric Vehicles announced new prices for its e-scooters To the State of Gujarat recently. The brand’s scooters are now even more affordable in Maharashtra.

Both Ampere Magnus (left) and Zeal both pay less than 50,000 rubles in Maharashtra thanks to EV policy.  Photo: Tech2

Both Ampere Magnus (left) and Zeal both pay less than 50,000 rubles in Maharashtra thanks to EV policy. Photo: Tech2

Commenting on the policy, Nagesh Basavanhalli, CEO of MD & Group, CEO of Greaves Cotton and Ampere Vehicles, said: “The EV policy announced by Maharashtra Govt will be a major enabler of clean and green mobility. This will not only increase the growth of electric vehicles but also provide jobs. This is in line with Ampere’s goal of expanding in the state and ensuring easy access to the affordable area. Through Greaves Retail and Ampere Showroom in the state, we appreciate this initiative. “

Tata Motors is one carmaker that will greatly benefit from the Maharashtra EV policy in 2021. By the end of 2021, the price of the Tata Nexon EV in the state will drop to 11.49 Rh, including the subsidy and its future. Tata Xpres-T is probably even cheaper.

The Tata Nexon EV area is scheduled to start at 11.49 lh in Maharashtra by the end of 2021. Photo: Tata Motors

The Tata Nexon EV area is scheduled to start at 11.49 lh in Maharashtra by the end of 2021. Photo: Tata Motors

Speaking about the policy, Shailesh Chandra, head of Tata Motors’ passenger car business unit, said: “We are pleased to see the very enabling EV policy of the Maharashtra government. It is a welcome move and indeed a very strong government determination to approve EV. As charging infrastructure increases, extended support will provide electric vehicle ownership. This visionary policy will enable a faster transition to electric cars. “

Responding to these views, Rajesh Jejurikar, Head of Automotive and Agriculture at Mahindra & Mahindra Limited, said: “The new Maharashtra EV policy is both progressive and comprehensive in nature. The policy covers all aspects of the EV ecosystem from invoicing to financial simplification. Although tax benefits make electric cars more affordable. tax benefits will help develop the state’s entire EV ecosystem. The government has clearly emphasized adoption strategies, especially in the last-mile mobility segment. ”

The Mahindra eXUV300 is scheduled to arrive in 2022. Photo: Mahindra

The Mahindra eXUV300 is scheduled to arrive in 2022. Photo: Mahindra

“Mahindra has invested in the state of Maharashtra, the most recent of which is its own electric vehicle technology production facility in Chakani. Mahindra is keen to introduce products like the Treo tricycle series to help customers earn more given its lower operating costs. Last mile mobility in India offers huge EV “Our goal is to introduce new, innovative and customized electric car solutions (tricycles and quadricycles) for both the personal and commercial segments that will stimulate India’s last mile of movement and delivery needs,” Jejurikar added.

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