The implementation of the PLI Scheme 'National Programme on Advanced Chemistry Cell Battery Storage’ will bring down the cost of electric vehicles and boost green growth.

After the last five years of steady growth in the electric vehicle market, namely in the two, three, and four-wheeler segments, the industry is seeing a decline in sales in the fiscal year 2020-2021.

Timely intervention by the government in a form of policy change is required to fuel the growth, believes Gill.

This measure would enable FAME II eligibility certificate of electric models valid for 1 year from each of the model’s last date of certification instead of earlier case of validity which was FY wise.

The Society of Manufacturers of Electric Vehicles whose members comprise of electric four-wheeler, three-wheeler, buses, two-wheeler and auto component manufacturers has been instrumental in the formulation of the FAME scheme which is the real turbocharger to the electromobility trend in India. Speaking to APF, Sohinder Gill, CEO, Hero Eco and Director of Corporate Affairs, SMEV, talks about what kind of policies and business models are needed to incentivise and provide a good growth platform for EVs.

After the ‘limited launch’ of its mass market e-scooter Flash, electric vehicle major Hero Electric is planning to launch a series of electric scooters to carve out a piece of the currently rapidly growing petrol scooter market for itself.

Two-wheeler maker Hero Electric today launched an electric rickshaw 'Raahii' priced at Rs 1.10 lakh. "We are highly ecstatic on launching this innovative model of e-rickshaw. Raahii is designed to ease the hassles that daily commuters and drivers have to go through while travelling," said Hero Electric CEO Sohinder Gill.

Hero Electric launches India's first indigenously built e-rickshaw - 'Raahii'. With this product the company aims to capitalise o