Page 21 - Electric Vehicles In India

Tata and Mahindra to lead India's push towards EVs

But demand is expected to be low because of the cost of batteries that are mostly imported

With Gujarat taking lead, states vie to attract electric vehicle makers

Three weeks ago, Karnataka became the first state to roll out an electric vehicle policy to encourage manufacturing

Govt's electric vehicle plan is electrifying these stocks

Electric vehicles may have a limited visibility on the Indian roads at the moment. But the government focus and push on electric vehicles (EVs) has led to a sharp rally in stock prices of small cap companies with an exposure to EVs. Share price of two companies which are into electric buses- JBM Auto and Goldstone Infratech- have more than doubled since April this year. The government had first talked about its intent of making India a hundred per cent electric vehicle nation by 2030 in March this year. Delhi headquartered JBM Auto, a company that has been present in the auto component space for over three decades, did not enjoy great valuations at the stock markets until recently compared to some of its peers. In last one month alone the stock has rallied more than 73 per cent to Rs 597 and has more than doubled since April 2017. The company now commands a market cap of Rs 2,435 crore based on Wednesday's closing price. Nishant Arya, executive director, says the company had planned .

Auto industry gears up for electric vehicles push after Gadkari's warning

Carmakers say a lack of charging stations could make the whole proposition unviable

Carmakers urge stable Indian policies to foster investment

Hyundai has dropped its plan to launch hybrid cars, will now look at bringing EVs in India

Easy for India to switch to electric vehicles: NITI CEO Amitabh Kant

At present, India has a low per capita car ownership of 20 vehicles per 1,000 citizens

SMEV asks Niti Aayog to provide Rs 40,000 incentive on each e-scooter

Transfer of subsidy directly to manufacturers will ensure democratic access to subsidy for e-vehicle

CoS wants Niti Aayog as nodal agency for promotion of e-vehicles: Govt

CoS suggested that Niti Aayog may work out a detailed strategy for promotion of e-vehicles solution

Big boost for electric vehicles as Centre okays FAME scheme extension

The country has sufficient capacity at present to meet the current requirement

As India goes green, electric vehicles face early speed bumps

Lack of uniform standards for setting up charging stations is holding back companies to invest

Isro's battery technology may soon power India's e-vehicle dream

In view of cost, these vehicles will justify deployment only as public buses, taxis, three-wheelers