Time to Charge Up

Published: Feb 28, 2011 01:52:32 PM IST
Updated: Feb 28, 2011 02:09:22 PM IST

Good news for manufacturers of hybrid and alternative vehicle technologies like fuel cells in this year’s budget. The excise benefit on fuel efficiency kits should see its adoption rise in a mileage-conscious country like ours. Expect Mahindra & Mahindra’s Reva to benefit. Also makes life easier for the Tata Motors’ Indica EV. That is if Tata Motors is looking at launching the technology in India. Not many auto manufacturers in India though have hybrid or EV offerings right now; so don’t expect to see such cars on the road anytime soon. Also, the problems on the EV infrastructure support side still remain strong. A lot of work for sure before the National Hybrid Mission.

Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy‚Äč

Show More
Post Your Comment
Required
Required, will not be published
All comments are moderated
  • Rachit Vats

    EVs need a charge and on a broader level the statement looks good. But this is one sector which is a troubled lot. There are rarely any incentives from the government on Rechargeable Vehicles.

    on Feb 28, 2011
The Shine is Back on Some Steel Companies
Food for Thought