'Auto industry wants CVs to be a part of FAME scheme'
Business Standard|July 29, 2024
DHEERAJ HINDUJA, chairman of Ashok Leyland, expects the Budget to have a positive impact on the commercial vehicles (CV) industry during the current financial year. The company is set to launch a light commercial vehicle every two months this year. In a telephonic interview with Shine Jacob, Hinduja talks about the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, hybrids and industry growth this financial year, among others. Edited excerpts:
Shine Jacob
'Auto industry wants CVs to be a part of FAME scheme'

We were expecting a formal announcement on FAME III in the Budget as the interim scheme did not cover cars and CVs. What is your view on this?

From our industry's perspective, we would very much like the government to include CVs as part of the scheme. That would continue the growth momentum in the sector, with more people adopting electric vehicles at a faster pace. It is a common demand from the whole industry to include CVs as well.

What is your take on the Budget, and what impact do you think it will have on the CV segment?

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