×
E-PAPER ▾

E-paper

Business

Govt needs to incentivise buying e-vehicles, says Anand Mahindra

| | New York

The Government needs to incentivise buying electric vehicles in order to bring down the cost and thus push their sales in the country, according to leading industrialist Anand Mahindra.

In an interview with the news agency here, Mahindra said that due to very high battery cost, there is still reluctance on the part of consumers to go for electric cars.

“And therefore, the government in order to create the push, does need to create incentives whether they come through Central or the state governments, in order to provide a lower sticker price for cars,” the Mahindra Group chairman said.

The incentive could be in the form of reduction in road taxes or subsidies in insurance, he added.

“It could be by lowering taxes of other kinds, but you do need some incentive to lower the upfront price. This can be transitioned down. Because what is happening simultaneously is that battery prices are also coming down dramatically,” he said.

 
 
 

TOP STORIES

Sunday Edition

View All

Of 4,862 large dams, only 349 have emergency disaster action plans: CAG

23 Jul 2017 | IANS | New Delhi

Only 349 of 4,862 India's large dams have emergency disaster action plans in place, the Comptroller and Auditor General (CAG) of India's performance report on flood control and management schemes of the Water Resources Ministry has revealed. "Out of 4,862 large dams, emergency action plans or disaster management plans of only 349 dams, which is seven per cent, were prepared (March 2016)...

Read More

STATE EDITIONS

View All

Sanskar Bharti holds Rangoli-Mehndi competition

25 Jul 2017 | PNS | HAZARIBAGH

The Hazaribagh district unit of Sanskar Bharti organized Rangoli-Mehndi competition in the premises of Hindu +2 High School. Despite continuous rain 140 participated in the Rangoli competition and 78 in Mehndi competition...

Read More

Page generated in 1.2706 seconds.