We are still very focussed on deleveraging our balance sheet and divestments are in progress, says Praveer Sinha, CEO & MD, Tata Power. Excerpts from an interview with ETNOW. It has been a tough environment for power companies, especially with the worry over coal availability and discom stress. How are things moving? How would you […]
KSL Cleantech And China’s Huaihai To Launch 10 EVs In India
Production of electric two- and three-wheeler models will begin in 2020 The JV between KSL Cleantech and Huaihai plan to invest Rs 200 crore in India. Manufacturing of electric vehicles will be done in a phased manner. Huaihai-KSL has already showcased two electric scooters. The electric mobility segment in India is still at a very […]
EESL signs MoU with NOIDA to promote EVs and install around 100 charging stations
Noida : Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with the New Okhla Industrial Development Authority (NOIDA) to promote electric vehicles and install around 100 public charging stations. The MoU will fast-track the adoption of e-mobility in […]
FAME 2: GOVERNMENT OF INDIA SEEKS PROPOSALS FOR ELECTRIC VEHICLE CHARGING SET-UP IN INDIA
The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]
EVs to take precedence in public transport; cleaner systems to be incentivised, says FM Sitharaman
FM Nirmala Sitharaman said that the government has worked to incentivise transition towards cleaner systems, develop quality public transport, and generate renewable energy The government has established that incentives will be given to manufacturers who move away from fossil fuels and towards renewable energy-based mobility systems, Finance Minister Nirmala Sitharaman said during a recent interaction […]
Why electricity supplied to Electric Vehicles in India is not so green
Depending on country’s electricity-generation sources, electric vehicles are largely not emissions-free in most of the countries. Electric Vehicles (EVs) seemed like a solution to growing pollution by emissions and heavy oil imports. The Union Budget 2019 by the NDA-led government has tried to promote both the indigenous manufacturing of EVs and purchase benefits with tax […]
Union Budget 2019: Govt’s initiatives will boost adoption of electric vehicles, writes Gaurav Karnik of EY India
The 2019 Union Budget has pushed significantly for adoption of electric vehicles and clean technologies as well as the infrastructure needed to make the EV dream a reality. In order to boost demand for EVs the government has provided an interest deduction of up to Rs 1.5 lakh on loans taken for purchase of a […]
Appropriate policy measures needed to lower the overall lifetime ownership costs of Electric Vehicles
Access to fast charging facilities must be fostered to increase market share of EVs The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. The Survey states that Electric Vehicles hold enormous potential for India not only because it is environment friendly but also because India […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Auto stocks decline post NITI Aayog’s directive on electric vehicle
So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]