Released July 20, 2021 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Leading automotive companies are making bold promises to electrify their fleets, and India's electric vehicle (EV) market is among those poised for growth in the coming years. States like Andhra Pradesh and Maharashtra are making some of the greatest strides in this corner of the automotive industry.
India is rolling out a slew of policies to encourage the adoption of electric vehicles. Maharashtra's EV Policy 2021, which is a revision of a policy introduced in 2018, aims to make Maharashtra the top producer of battery-powered EVs in India. The state government has announced EVs will be exempt from road tax and registration charges, and is offering economic incentives to the first 100,000 buyers of electric two-wheelers.
Ather Energy, which is among the companies applauding the incentive policies, aims to fulfill the rising demand in Maharashtra through expansions at its retails outlets in key cities like Mumbai, Pune, Nasik and Nagpur.
Maharashtra also plans to subsidize 10,000 electric car and SUV buyers under EV Policy 2021, and hopes electric cars will make up 5% of its new vehicle registrations by 2025. To that end, any new vehicle inducted into the state government's fleet, starting in April 2022, will be electric only.
Maharashtra is working to develop a comprehensive charging network across the state, and is targeting setting up around 2,500 charging stations in seven urban areas in the next four years.
Industrial Info is tracking 27 active EV projects in India, worth more than $2.8 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list.
Click on the image at right for a heat map of active EV projects across India, according to Industrial Info's Geolocator tool.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
India is rolling out a slew of policies to encourage the adoption of electric vehicles. Maharashtra's EV Policy 2021, which is a revision of a policy introduced in 2018, aims to make Maharashtra the top producer of battery-powered EVs in India. The state government has announced EVs will be exempt from road tax and registration charges, and is offering economic incentives to the first 100,000 buyers of electric two-wheelers.
Ather Energy, which is among the companies applauding the incentive policies, aims to fulfill the rising demand in Maharashtra through expansions at its retails outlets in key cities like Mumbai, Pune, Nasik and Nagpur.
Maharashtra also plans to subsidize 10,000 electric car and SUV buyers under EV Policy 2021, and hopes electric cars will make up 5% of its new vehicle registrations by 2025. To that end, any new vehicle inducted into the state government's fleet, starting in April 2022, will be electric only.
Maharashtra is working to develop a comprehensive charging network across the state, and is targeting setting up around 2,500 charging stations in seven urban areas in the next four years.
Industrial Info is tracking 27 active EV projects in India, worth more than $2.8 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list.
Click on the image at right for a heat map of active EV projects across India, according to Industrial Info's Geolocator tool.Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
