E-vehicle industry to get a handsome investment in India in couple of years

E-vehicle industry has been seeing a good boom in the whole world after the most powerful leaders decided to move on to sustainable energy recently in the Paris Climate Summit.  India which is witnessing a highest FDI floe following the PMs Make in India campaign has started to receive investment in the E-vehicle industry as well.

As per recent development Sweden based electric vehicle maker Clean Motion plans to invest $10Million (66 Cr.) in a span of 3 years to expand their operations in the country including a new assembly unit for their Zbee three- wheelers in the country.

The company is targeting malls, SEZ & even tourist places to position their Electric Three Wheeler as a premium product when compared to E-rickshaw.

The government under National Electric Mobility Mission plan is also planning to offer attractive subsidy to promote the production of e-vehicles in the country with a target of having seven million electric and hybrid vehicles in India by 2020, meanwhile the governments of Delhi and Karnataka have already eliminated all local taxes on electric vehicles. The government has also created a working group under transport minister Nitin Gadkari which is evaluating the possibility of switching entirely to electric vehicles by 2030.”

Meanwhile it will still take some time to get efficient vehicles like Tesla and others in the country, you can contribute your best towards the environment by driving a vehicle powered by CNG. Visit Shriram Automall to sell your used cars in India & also get financial assistance on buying new vehicles.