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Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

The Hindu
Sunday, December 10, 2023 07:04:09 AM UTC

Ms. Motwani also noted that the industry body is also pushing for the inclusion of electric cars priced up to ₹20 lakh to get incentives under the third iteration of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme.

The government should not dilute Make in India initiative and follow a consistent policy, Ficci EV Committee Chairperson Sulajja Firodia Motwani said amid a push from American electric carmaker Tesla for special sops to set up its factory in the country.

Ms. Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment.

She also batted for the continuation of incentives for buying EVs to sustain the demand for the next few years.

Ms. Motwani also noted that the industry body is also pushing for the inclusion of electric cars priced up to ₹20 lakh to get incentives under the third iteration of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme.

"I strongly feel that the Make in India policies that the government has put in place, there should not be any reversal because now people have started investing in local manufacturing," Ms. Motwani told PTI in an interaction.

If not followed diligently, the manufacturers would again shift to importing components from other countries including China, she added.

When asked if U.S. carmaker Tesla should get policy support to enter the Indian market, Ms. Motwani said: "As far as the entry of some of the premium car makers like Tesla goes I don't know the details about the proposal but I believe it's linked to a large investment..But I still feel personally there should not be confusion and the policy should be consistent.

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