Pre-Budget Expectations Of The EV Industry From The Upcoming Budget, Hinduja Group Proposes To Set Up EV Plant In Uttar Pradesh And Much More...

2022 was a mammoth year for #evs. 2023 will see EVs becoming mainstream. It is noteworthy that GoI’s subsidy schemes like #FAME supported this development. #electricthreewheelers, which are the backbone of mass #publictransportation across India, are leading this transformation. We want GoI to take cognizance and expect an extension of the FAME-II scheme similar to the one given to two-wheelers. After all, it is the livelihood of the 3W owner that we will be impacting. The Indian #ecommerce space is booming, providing the tailwinds for rising demand in EVs for last-mile delivery.

The #uttarpradesh government continues receiving more investment proposals, with the Hinduja Group Limited proposing an investment of Rs 1,000 crore in an #electricvehicle plant. Sunil Kumar Chaddha, a senior advisor to Hinduja Group, met Nand Gopal Gupta “Nandi” here. He proposed setting up an #ev plant which would provide nearly 6,000 jobs.?Nandi promised all assistance and he said that the state government was required to cooperate in land allocation.

ARENQ India’s fast-growing manufacturer and distributor of #storage batteries, has recently announced a long-term partnership with KAL ( Kerala Automobiles Limited (KAL) ), the public sector automobile manufacturing company, to supply motors, motor controllers, and batteries for all their #vehicles. The companies will also jointly conduct r&d for new designs and product development.

Mahindra Group ?announced that the Maharashtra government had approved their proposal to establish a Rs 10,000 crore #ev factory in Pune as part of the state’s industrial promotion program for EVs.M&M?Ltd stated in a statement that the two parties had signed an agreement in this regard at?World Economic Forum, Davos.This investment will be made by the company through its subsidiary over a period ranging from 7-8 years to set up the manufacturing plant and develop and produce its upcoming Born?#electricvehicles.

To further enhance customer experience, one of the leading players in the #electricvehicle industry, Saera Electric Auto Ltd. has signed a vehicle financing contract with the non-banking financial company (NBFC), AMU Leasing Pvt. Ltd. Under the agreement, customers of SEAPL planning to buy #electricvehicles can avail of easy financing options from ALPL.