India Needs Faster EV Transition in Trucks, Buses, Domestic Capacity in Critical Tech: PM Adviser
Officials said EV registrations rose nearly 25% to 3.5 million in FY26 as the government weighs new taxation and manufacturing measures.
- On Thursday, Prime Minister Narendra Modi exhorted India's automobile industry to innovate for the 2047 Viksit Bharat vision, while adviser Tarun Kapoor urged automakers to accelerate the shift toward electric mobility, particularly for trucks and buses.
- Heightened geopolitical risks and India's dependence on imported petroleum make the transition to cleaner mobility urgent, with Kapoor stating the industry must "move into electric in a big way" to address energy security.
- Electric vehicle registrations rose nearly 25% to 3.5 million units in FY26, while the automobile industry accounted for about 15% of India's GST collections, demonstrating strong sector performance.
- Government officials are examining potential tax measures on battery imports to boost domestic manufacturing, while Kapoor warned that four-wheeler restrictions already in Delhi and the National Capital Region could spread nationwide.
- Heavy Industries secretary Kamran Rizvi stated that government subsidies for electric mobility will eventually end, requiring industry collaboration on infrastructure and localization to sustain future growth independently.
10 Articles
10 Articles
PM Modi urges auto industry innovation for Viksit Bharat; pushes for EV acceleration
Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the electric mobility transition for energy security. He warned of increasing restrictions on four-wheelers, especially in urban areas. Government reforms and incentives are boosting domestic manufacturing capabilities and EV adoption. Industry must prepare for eventual tapering of subsidies and policy changes.
Devdiscourse
LatestlyIndia needs major shift to electric vehicles, critical manufacturing in next 5 years: PM Advisor Tarun Kapoor
India needs to accelerate its transition towards electric mobility, particularly in trucks and buses, and build domestic capacity in critical technologies and components to reduce vulnerabilities to global supply disruptions, Advisor to the Prime Minister Tarun Kapoor said at the 66th Society of Indian Automobile Manufacturers (SIAM) Annual Convention.
India needs faster EV transition in trucks, buses, domestic capacity in critical tech: PM adviser
India must accelerate electric mobility, particularly for trucks and buses, to enhance energy security. The next five years are critical for major industry changes and meeting technology goals. Faster electrification of heavy vehicles is essential due to diesel dependence and import concerns. Government measures and industry collaboration will drive down costs and boost electric truck viability. India aims to become a global hub for automobile m…
India needs major shift to electric vehicles, critical manufacturing in next 5 years: PM Advisor Tarun Kapoor - The Tribune
India needs to accelerate its transition towards electric mobility, particularly in trucks and buses, and build domestic capacity in critical technologies and components to reduce vulnerabilities to global supply disruptions, Advisor to the Prime Minister Tarun Kapoor said at the 66th Society of Indian Automobile Manufacturers (SIAM) Annual Convention.
bhaskarlive.in
India News AustraliaIndia must promote electric trucks to speed up shift to alternative energy: PM Advisor Tarun Kapoor
New Delhi, Sep 3 (IANS) India needs to accelerate its transition towards alternative energy sources available domestically and promote electric trucks as part of this shift, Tarun Kapoor, Advisor to...
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