Various companies like Tata Motors NSE 0.47 %, Mahindra and Hero Electric on Tuesday lauded the Gujarat government for bringing a new electric vehicle policy in the state. Gujarat Chief Minister Vijay Rupani unveiled the ‘Gujarat Electric Vehicle Policy 2021’, which, according to him, has been designed to see at least two lakh electric vehicles on the state roads in the next four years.
To encourage people to turn to e-vehicles, the state government will provide subsidies ranging from Rs 20,000 to Rs 1,50,000 on the purchase of vehicles under this policy, which will remain effective for four years.
