Tata Motors and Mahindra & Mahindra show excitement about establishing an electric vehicle infrastructure in Maharashtra
Maharashtra, India's most industrialised state, is taking significant strides towards electric mobility. The Maharashtra Government has announced a comprehensive EV policy, aiming to increase the share of electric vehicles (EVs) in public transport and last-mile delivery services to 25% by 2025.
Under the new policy, all new real estate projects will be mandated to reserve space for the installation of charging devices. This move is expected to create a robust charging infrastructure across the state, offering a hassle-free commute for EV owners.
The government is offering incentives to set up 2,500 charging stations across Maharashtra. To further encourage the adoption of EVs, the government will provide rebates to housing societies for installing new charging devices.
Tata Motors and Mahindra & Mahindra, two key players in the Indian automotive industry, have welcomed the policy. Tata Motors' President of the Passenger Vehicle Business Unit expressed delight over the enabling EV policy, while Rajesh Jejurikar, Executive Director of Auto and Farm Sectors at Mahindra & Mahindra, called it progressive and comprehensive.
Both companies are investing heavily in electric mobility. Tata Motors expects increased adoption of EVs in Maharashtra due to the state government's revised incentive policy for electric mobility. Mahindra is planning to deploy products like the Treo three-wheeler range in Maharashtra, which has a lower operating cost.
In a bid to make EVs more affordable, the policy offers fiscal benefits. These include exemptions from road tax and registration charges for electric vehicles. Non-fiscal benefits aim to develop an overall electric vehicle ecosystem in the state.
The Maharashtra Government also plans to convert all government vehicle fleets to electric from 2022. This move is expected to significantly boost the demand for EVs in the state.
Last-mile mobility in India offers a huge electric vehicle penetration opportunity and is set for a massive transformation. With the revised EV policy, Maharashtra is poised to lead this transformation, building an ecosystem for zero-emission vehicles in collaboration with government agencies, other companies, and startups.
In conclusion, the Maharashtra Government's revised EV policy is a significant step towards promoting electric mobility in India. The policy's comprehensive approach, covering all aspects of the electric vehicle ecosystem, is expected to drive the adoption of EVs in the state and contribute to India's goal of reducing carbon emissions.
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