EV manufacturers welcome initiatives in revised Maharashtra policy

EV manufacturers body SMEV on Tuesday said the added subsidies from the Maharashtra government on batteries and overall vehicles in its new EV policy will aid to the growing interest among investors and companies looking to make an entry into the manufacturing of parts for the segment.

The Maharashtra government policy grants us the privilege to reach out to our potential customer base in the state. With the amendment of FAME 2 by the central government and now the individual state policies like this one have only encouraged the adoption of electric vehicles in India, said Sohinder Gill, CEO Hero Electric & Director General,

Society of Manufacturers of Electric Vehicles (SMEV).