Can Fame II Bring Fame To Ev's?
Businessworld|June 23, 2018

In order to offer consumers affordable, durable and efficient electric vechiles, the auto industry is anxiously waiting for a robust and sustainable policy framework

Avishek Banerjee
Can Fame II Bring Fame To Ev's?

INDIA IS OFTEN TOUTED AS THE NEXT BIG electric vehicle (EV) market — set to follow China’s lead. There is a consensus that we need EVs more than ever because they are efficient, emit zero pollution and when adopted by the masses, will contribute to saving billions of taxpayers’ money that is spent on importing fossil fuels. In fact, as per a report by NITI Aayog, EVs can cut India’s energy demand by 64 percent and carbon emissions by 37 percent by 2030.

The National Electric Mobility Mission Plan (NEMMP) 2020, announced in 2013, maintains that EVs could achieve national fuel security if India could sell 6-7 million hybrid and electric vehicles year-on-year starting 2020. That is, of course, with government providing fiscal and monetary incentives to manufacturers. The NEMMP envisages a saving of 9,500 million litres of crude oil equivalent to Rs 62,000 crore.

In the run-up to the rollout of FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) India’s second phase — to boost adoption of energy-efficient vehicles — in a month’s time, the auto industry is riddled with apprehensions and doubts over the longterm roadmap that the government is yet to prepare. The industry fears that lack of charging infrastructure and a robust ecosystem are the biggest stumbling blocks to ensuring EVs techno-commercial feasibility.

Though the auto industry hasn’t admitted it, it is confused, anxious, and keen to know the direction the policy framework will take and its impact on them. The anxiety has grown since February 15, after transport minister Nitin Gadkari dismissed the need for a policy on EV (and any fiscal incentives to manufacturers) and instead supported an ‘action plan’ to encourage the manufacture and use of EVs.

E-Buses take the pole position

This story is from the June 23, 2018 edition of Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the June 23, 2018 edition of Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESSWORLDView All
Technology, AI Driving Warehousing Sustainability
BW Businessworld

Technology, AI Driving Warehousing Sustainability

Anshul Singhal on how Welspun One is rapidly transforming Grade-A logistics and industrial parks across India, offering integrated fund development and asset management for large-scale warehousing solutions

time-read
2 mins  |
December 28, 2024
DECODING RETAIL'S NEXT FRONTIER
BW Businessworld

DECODING RETAIL'S NEXT FRONTIER

As brands pivot towards omnichannel ecosystems and startups challenge legacy frameworks, the focus sharpens on experiential retail, sustainability and data-driven personalisation.

time-read
1 min  |
December 28, 2024
SORORITY OF WOMEN OF METTLE
BW Businessworld

SORORITY OF WOMEN OF METTLE

Awinter afternoon in mid-December found quite a crowd at the Oxford Book Store on Connaught Place, as bibliophiles congregated at a corner to listen to three women authors, diverse in their passions, but drawn together by an urge to tell their story.

time-read
1 min  |
December 28, 2024
THE LEGACY OF THE AMARNATHS
BW Businessworld

THE LEGACY OF THE AMARNATHS

IN NOVEMBER 2017 the management committee of the Delhi Cricket Association named the eastern stand of the Feroze Shah Kotla ground the Mohinder Amarnath stand.

time-read
3 mins  |
December 28, 2024
PUTTING THE POWER IN THE POWERHOUSE
BW Businessworld

PUTTING THE POWER IN THE POWERHOUSE

The Asus ExpertBook P5 is powered by an 8-core 8-thread Intel Core Ultra 7 Series 2 processor that clocks a maximum speed of 4.8 GHz, but it does not have hyperthreading. It is light weight, with a smooth glass touch pad. The laptop almost has all the I/O ports you could possibly need in a business laptop, making it an extremely lucrative option for professional computing, says

time-read
3 mins  |
December 28, 2024
"We must be aware of our energy and water consumption"
BW Businessworld

"We must be aware of our energy and water consumption"

BW Businessworld caught up with actor, philanthropist, and climate warrior BHUMI PEDNEKAR to chat about climate change and more.

time-read
2 mins  |
December 28, 2024
"Cooking is a passport to the world"
BW Businessworld

"Cooking is a passport to the world"

In conversation with renowned CHEF MANJIT GILL, Advisor at Kikkoman India and President, Indian Federation of Culinary Associations (IFCA). As the former Corporate Chef of ITC hotels, Chef Gill has helped shape iconic restaurants, such as the Bukhara, Dum Pukht, and Dakshin. He has had the privilege of serving former American Presidents Barack Obama, Bill Clinton, George Bush, and the French, Canadian, British and German premiers. In 1992, Chef Gill had the opportunity of being invited to cook for Prince Charles and Lady Diana, at the Palace of the Maharaja of Jaipur. He was awarded the Lifetime Achievement Award from the Ministry of Tourism in 2007.

time-read
2 mins  |
December 28, 2024
Strengthening Middle Management for Organisational Resilience
BW Businessworld

Strengthening Middle Management for Organisational Resilience

WHAT HOLDS AN organisation together in chaos? Is it visionary leadership, cuttingedge strategies, or robust technology?

time-read
3 mins  |
December 28, 2024
The Retail Trailblazers
BW Businessworld

The Retail Trailblazers

A look at companies that are making a positive impact on India's growing retail sector with their future fit business and marketing strategies.

time-read
1 min  |
December 28, 2024
Driving Conscious Consumerism
BW Businessworld

Driving Conscious Consumerism

VIDIT JAIN, Co-founder of Kindlife, is leading the charge in revolutionising the intersection of technology and conscious consumerism.

time-read
1 min  |
December 28, 2024