2024-03-16 08:48:11 am | Source: PR Agency
Quote on a New Electric Vehicle (EV) Policy as approved by Central Government by Mr. Raman Bhatia, Founder & Managing Director, Servotech Power Systems Ltd.

Below is a quote on the new Electric Vehicle (EV) policy approved by the Central Government, provided by Mr. Raman Bhatia, Founder & Managing Director of Servotech Power Systems Ltd
The new electric vehicle policy will make India a global powerhouse for EV manufacturing. It is a boon for India’s booming economy and acts as a major push forward in the nation’s aspirations for clean transportation. Keeping a strong focus on prioritizing domestic manufacturing and encouraging competition and growth, this policy will provide enough chances and harbour enough space to facilitate increasing the adoption of EVs across the nation and aligns with the “Make In India “ initiative promoting local production and job creation. This policy acts as a gateway for large-scale investments from global EV giants like Tesla, making India an EV manufacturing hub globally and providing the much-needed impetus for the local players to enhance their manufacturing capacities and adapt high-tech EV technologies. This healthy rivalry will drive innovation, reduce production costs, and ultimately benefit Indian consumers with a broader range of high-quality, affordable EVs.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News

Asian Paints slips on reporting 45% fall in Q4 conso...

Inventurus Knowledge Solutions moves up on the BSE

Zydus Lifesciences rises on getting USFDA?s approval...

Ampvolts shines on inking MoU with Mecpower Solutions

Rupee strengthens against US dollar on Friday

India`s retail sector surges with 169 pc growth in Q...

India`s warehousing sector clocks 50 pc leasing grow...

PMJJBY`s cumulative enrollments surged by 699 pc sin...

India, Chile make progress on comprehensive economic...

We stand in unwavering solidarity with our armed for...
More News

Views on Karnataka State Budget 2025- 2026 by Dr. H. Sudarshan Ballal, Chairman, of Manipal ...

Views on Digital Payments rising 11.11% Y-o-Y in September 2024 by Mr. Dilip Modi, Founder & CEO of Spice Money

India needs $1.7 trillion of Investment in Mining for energy transition : Priya Agarwal Hebbar, Chairperson, Hindustan Zinc

Quote on Reduced Repo Rates to Keep Residential Momentum Going by Anuj Puri, Chairman - ANAROCK Group