A well defined payment security mechanism for long-term contracts would help support large-scale rollout of electric buses in the country, according to Ashok Leyland Chairman Dheeraj Hinduja.
In an interaction with PTI, he also emphasised on the importance of subsidies in faster adoption of electric mobility in India.
“So I would say two areas — one, the subsidies or whatever benefits that the government can consider for promoting electric vehicles is of course welcome, and then some type of payment security mechanisms are also required. It would help the industry to grow at a faster pace,” Hinduja said.
