Electric two-wheeler penetration to touch 40%
It may well have a transformational impact on domestic auto companies like Hero Motors and TVS Motors.
It may well have a transformational impact on domestic auto companies like Hero Motors and TVS Motors.
A slew of measures and statements to hasten the shift to electric vehicles (EVs) on the road has got the auto industry worked up. But, the writing on the wall just got clearer.
For auto and ancillary companies expecting a policy announcement on electric vehicles, the wait isn’t over.
The Japanese carmaker plans to launch its first electric vehicle in India by 2020 in cooperation with Toyota Motor Corporation.
The auto component makers group seeks a uniform GST of 18% on all auto components.
Hero Electric’s Sohinder Gill says the government and industry should both contribute 50% to manufacturing electric two-wheelers to make them affordable.