Manufacturing electric vehicle components in India can mitigate cost – Feedback

Challenges posed by high cost in popularising hybrid and electric vehicles in India can be overcome with a focus on manufacturing components and the vehicles in India, a senior government official today said.

“The biggest challenge is cost and all of us would have to work on it so that people can afford and easily adopt this new technology. To make it cheaper, we would have to work for Make in India and (that) is the solution for making electric vehicle affordable,” said Girish Shankar, Secretary, Ministry of the Heavy Industries and Public Enterprises. He was addressing the National Workshop & Exhibition of FAME India. Assuring the gathering the government’s commitment towards electric mobility under its FAME India scheme, he sought feedback from the industry, saying it would help them create market and a self-sustainable model.

http://economictimes.indiatimes.com/industry/auto/news/industry/manufacturing-electric-vehicle-components-in-india-can-mitigate-cost-secretary/articleshow/53225863.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *