November 12, 2019
This will provide reassurance to millions of people
Auto industry has been opposing proposal by Niti Aayog to push for full
conversion to EVs for ICE three-wheelers by 2023. Modi had asserted that India
has a large enough market and big enough policy space to ensure growth of both
internal combustion engine vehicles and EVs New Delhi: Auto industry players on
Wednesday welcomed Prime Minister Narendra Modi&disposer
Manufacturers39;s assurance that conventional engine vehicles and electric
vehicles (EVs) can co-exist in India, saying it would encourage investment and
job creation in future.
Society of Indian Automobile Manufacturers President
Rajan Wadhera said the assurance is completely in-line with SIAM's
recommendations that all relevant technologies should co-exist in India's
journey towards sustainable mobility.He also called for a long-term roadmap for
all futuristic technologies, which instils confidence to the industry to get
going.Expressing similar views, TVS Motor Company Chairman Venu Srinivasan said,
"the recent clarification by the Prime Minister that ICE and electric vehicles
will both be encouraged and grow is a strong step to encourage investment and
employment in the automotive sector in India".
This will provide reassurance to
millions of people across the supply chain, ranging from component manufacturers
to original equipment manufacturers (OEMs), dealers, mechanics and associated
people across the country, he added.Srinivasan further said a technology
agnostic approach that encourages all options is very important for a developing
country like India, which is dependent on fossil-based sources for much of its
power."Also with some of the other measures announced towards increasing
liquidity, this clarification will provide the stability to ensure India
continues to remain one of the leading investment destinations in the world," he
said.Toyota Kirloskar Motor Joint Managing Director N Raja said the PM's
statement has given a lot more confidence and clarity and will help the auto
industry in efforts to come out of the ongoing sales slump."Now with this
clarity, people who were thinking of delaying purchases, what we called as fence
sitters, can come forward. It will help in improving the market," he said.In an
interview with a business daily, Modi had asserted that India has a large enough
market and big enough policy space to ensure growth of both internal combustion
engine vehicles and EVs, and there was no need to speculate about the growth of
either of the two.The auto industry has been opposing proposal by Niti Aayog to
push for full conversion to EVs # for ICE three-wheelers by 2023 and
two-wheelers of 150cc and below by 2025, saying a transition was completely
uncalled for and could jeopardise the industry.
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