The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
The Centre currently charges 8 per cent CVD on the import of e-bike components. For making e-bikes, firms import motor, battery, and other electronic and mechanical parts from China and Taiwan. Over 55 per cent of components are imported. Also, in order to encourage the use of environment friendly vehicles, the government should provide at least 30 per cent subsidy on the purchase of bike under the New and Renewable energy policy.
The new scheme may link the incentives to the battery power - higher the power, higher the incentive and most electric two-wheelers running on Indian roads use low power and fast charging batteries.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
The firm, which showcased an electric variant of its Duet scooter at the 2016 Auto Expo, is working on two models at its Jaipur R&D centre.
If the drop in sales over the past two years is anything to go by, India's dream of putting seven million electric vehicles on road by the end of this decade has come a cropper.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
If you opt for a petrol variant, you will need to reapply for loan.
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