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Centre Rolls Out Incentive Scheme To Deploy 5,600 E-Trucks
Inc42
·
1m ago
Medial
The heavy industries ministry has launched an incentive scheme under the PM E-DRIVE initiative to encourage the deployment of 5,600 electric trucks (e-trucks) across India. This scheme offers subsidies as upfront reductions in purchase prices, with a maximum incentive of INR 9.6 lakh per truck. Once disbursed, the government will reimburse the incentive amount to the OEM via the PM E-DRIVE portal. Additionally, the plan includes deploying 1,100 e-trucks in Delhi with a budget of INR 100 crore.
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Amid China's export curbs, India plans Rs 1,345 crore rare earth magnet incentive scheme
Economic Times
·
1m ago
Medial
India plans a ₹1,345-crore incentive scheme to boost domestic production of rare earth magnets, vital for electric vehicles and electronics, to lessen dependence on Chinese imports amidst China's export restrictions. The government has allocated funds and initiated interministerial consultations, according to Union Heavy Industries Minister H D Kumaraswamy. Additionally, the government is promoting an electric trucks subsidy scheme under PM E-Drive, offering up to ₹9.6 lakh per truck to curb diesel vehicle emissions, supporting around 5,600 e-trucks nationwide.
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Govt launches scheme to incentivise electric trucks by up to Rs 9.6 lakh under PM E-DRIVE
Economic Times
·
1m ago
Medial
Union Minister for Heavy Industries, HD Kumaraswamy, announced a new scheme incentivizing electric trucks under the PM E-DRIVE initiative. It aims to reduce vehicular emissions and support India's net-zero 2070 goals with a financial outlay of Rs 10,900 crore. Incentives up to Rs 9.6 lakh per vehicle will promote the purchase of e-trucks, targeting the deployment of 5,600 trucks. It's a significant step for sustainable freight mobility benefiting sectors like cement, steel, logistics, and ports.
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Centre Rolls Out INR 500 Cr Scheme To Push For E-Mobility
Inc42
·
1y ago
Medial
The Indian government has announced a new Electric Mobility Promotion Scheme 2024, with an allocation of INR 500 Cr (approximately $67 million) to support the sales of electric two- and three-wheelers. The scheme aims to avoid disruption in the EV ecosystem as the current FAME-II scheme comes to an end. The new scheme will provide incentives for 3.37 Lakh electric two-wheelers, 41,306 electric three-wheelers, 13,590 e-rickshaws, and 25,238 L5 electric three-wheelers. This comes as a response to the industry demand for incentive schemes and to promote the adoption of electric vehicles in the country.
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Govt Extends PM E-Drive Scheme Till 2028
Inc42
·
12d ago
Medial
The Ministry of Heavy Industries has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme until 2028. This extension specifically benefits e-trucks, e-buses, and testing agencies due to challenges like high initial costs, inadequate charging infrastructure, range anxiety, slow charging, and the need for advanced skills in operation and maintenance. The scheme, launched in 2024, will see registered e-2W, e-rickshaws, and e-cart vehicles deadline extended until March 2026.
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PM e-drive scheme to aid in faster adoption of EVs: M&M, Tata Motors
YourStory
·
11m ago
Medial
Indian automakers Mahindra & Mahindra and Tata Motors have praised the PM e-drive scheme, a project aimed at promoting the adoption of electric vehicles (EVs) in India. With a total budget of INR 14,335 crore, the scheme includes the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme. Both companies believe that the scheme will boost EV penetration in the country and accelerate India's transition to zero-emission mobility. The scheme offers subsidies and incentives for various EV categories, including electric two-wheelers, three-wheelers, ambulances, trucks, and buses.
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EV Subsidy Scheme: Cabinet Approves PM E-DRIVE With An Outlay Of INR 10,900 Cr
Inc42
·
11m ago
Medial
The Indian government is set to implement PM E-DRIVE, a new scheme to promote electric vehicles (EVs) that will replace the existing FAME scheme. With a budget of INR 10,900 Cr over two years, PM E-DRIVE aims to provide subsidies and demand incentives of INR 3,679 Cr for various types of EVs, including two-wheelers, three-wheelers, ambulances, trucks, and other emerging EVs. The Ministry of Heavy Industries plans to introduce e-vouchers that EV buyers can use to avail demand incentives.
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GreenLine partners with Flipkart to power greener supply chains
Livemint
·
8m ago
Medial
Flipkart, a leading e-commerce company in India, has partnered with GreenLine Mobility Solutions to incorporate LNG-run trucks into its delivery fleet, as part of its commitment to reducing its carbon footprint. In the initial phase, GreenLine will deploy 25 LNG-powered trucks to transport goods from the West to the North of India, with plans to expand to additional routes in the future. This partnership aligns with Flipkart's goals of sustainability, which also include the deployment of electric vehicle (EV) trucks. GreenLine has a track record of providing sustainable mobility solutions to various industries.
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Cabinet Approves PSM Scheme With INR 3,435 Cr Outlay To Promote Adoption Of Ebuses
Inc42
·
11m ago
Medial
The government has introduced a new scheme to promote electric buses in India. The scheme aims to deploy more than 38,000 electric buses over a five-year period from 2025 to 2029. The government will provide support for the operation of these buses for up to 12 years. In addition to this scheme, the government has also approved the FAME-III scheme, now called the PM E-DRIVE scheme, to promote electric vehicles in the country.
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Quality push: States to get sops for data system reboot
Economic Times
·
2m ago
Medial
The Indian government plans to collaborate with states to enhance their statistical systems through an incentive-based scheme. This initiative, part of the Viksit Bharat@2047 project, aims to improve data quality and support evidence-based decision-making by using AI and machine learning in data collection. The scheme will set a common standard for data collection, helping states attract investments. The Centre will provide technical assistance and may offer a one-time allocation to facilitate this upgrade.
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JSW Group doubles down on EVs with plans for e-buses, e-trucks
Livemint
·
1y ago
Medial
JSW Group, led by Sajjan Jindal, is entering the electric vehicle market by planning to manufacture electric buses and eventually electric trucks in Odisha. The group is seeking a partner to manufacture the vehicles and aims to establish a lithium-ion cell manufacturing plant in Odisha. JSW hopes to take advantage of the government's push for widespread adoption of electric buses and leverage its expertise in steel and battery manufacturing to drive down costs. The company has also applied for the government's production-linked incentive scheme for advanced chemistry cells.
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