Saturday, April 6

Tag: Subsidy

MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets
EV Industry Updates, Must Read

MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets

Advocacy group, Centre for Business, Industry & Trade Advocacy, [C-BITA] that has been actively working on and analysing the impact of policy on the Indian EV Ecosystem has today in a letter to Minister, MHI pointed out that two of MHI’s recent decisions might have caused an irretrievable opportunity loss to India’s E2Wheeler targets. CBITA believes that withholding subsidy amounting to Rs 1200 Crores was the first blow, while slashing the subsidy could have been the second one. In its letter to the Minister, MHI, CBITA indicated that the department is responsible for missing out on a crucial period of growth in the trajectory of EV adoption, which will be difficult to replace even with the promise of future sales. Mass transitioning from internal combustion engine (ICE) vehicles t...