PSU NEWS
Govt Planning Multi Billion Dollar Push for Electric Vehicles
NEW DELHI: The government has charted out a multi-billion dollar investment plan for electric vehicles and aims for bulk tendering of EVs on the lines of the LED bulbs scheme, reports CNBC-TV18.
As per the plan, the country's top PSUs led by NTPC will invest over Rs 10,000 crore to set up infrastructure for charging points and battery swap stations. PSUs like IOC and PGCL will conduct a feasibility study on investing in the infrastructure.
The EV mission is likely to start from October with e-rickshaws & electric 3-wheelers. Electric buses will also be launched in top cities from December 2017 and top bus manufacturers like M&M, Tata Motors, Ashok Leyland have confirmed their participation in the project. M&M and Tata Motors are, in fact, developing electric prototype for a December launch.
The government is likely to float an international tender for buying up to 1,000 electric cars for use by government departments to promote electric vehicles.
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDO
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project