Tuesday, October 19, 2021
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India announces incentives for auto sector to go green

New Delhi
The government of India on Wednesday approved 3.5 billion dollars of production-linked incentives for the automotive industry to encourage the manufacture of battery-operated electric vehicles, hydrogen fuel-cell vehicles and drones.
The production-linked incentives would enhance India’s manufacturing capacity and create jobs, federal Information and Broadcasting Minister Anurag Thakur said at a briefing.
The incentivizing of higher technology and more efficient and green automotive manufacturing will enable India to leapfrog to environmentally cleaner vehicles, Thakur added.
The scheme will work in tandem with others announced earlier for faster adoption and manufacture of hybrid and electric vehicles and production of advanced chemistry cells to meet the needs of an electric vehicle ecosystem in India.
Advanced chemistry cells store electric energy. India has over the past decade been focusing on promoting electric vehicles with the aim of reducing pollution and reducing its huge oil import bill.
The federal Cabinet also took a decision to offer a four-year moratorium on payment of certain taxes and spectrum dues to the cash-strapped telecom industry.