Budget 2011: Electric vehicles get a push

Lucknow, Haridwar, Kanpur, Agra and other tourist and wild life destinations will be promoted as EV cities







A National Mission for Hybrid and Electric Vehicles would enable the electric vehicle (EV) industry clock numbers. At present, EV sales are less than one per cent of the petrol two-wheelers sold in India.

“The category will now grow strategically. After a market research to identify the needs of the consumer, the Centre will formulate policies to promote EVs. Soon we will have 10 cities promoted as model EV cities,” Sohinder Gill, CEO- Hero Electric and director (corporate affairs) of Society of Manufacturers of Electric Vehicles (SMEV) said. E-bikes expect a 25-50% growth in two years, Gill says.

Electrotherm and Hero Electric are key players in the two-wheeler EV category while Mahindra Reva Electric Vehicles Pvt Ltd manufactures e-car.

Lucknow, Haridwar, Kanpur, Agra and other tourist and wild life destinations will be promoted as EV cities. “The town planning will incorporate dedicated tracks for EVs and creating battery charging points while institutions, corporates and local tourist centres would run EVs in and around those pockets,” he said.

Against 9 million petrol two-wheelers sold in 2009-10, e-bikes are just 1 lakh in numbers. While the numbers grew to one lakh in 2008-09, they dropped to 90,000 in 2009-10. The category got a push recently after a Central subsidy of Rs 4,000-5,000 on all two-wheeler EVs and Rs 1 lakh on e-cars. The industry expects to close this fiscal at 1 lakh units against 11.5 million petrol two-wheelers.

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