India to turn into hub of e-vehicles: PM
29 Aug 2022 09:38am
India's Prime Minister Narendra Modi - Photo from Reuters
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Speaking at the commemoration of 40 years of Suzuki in India, Xinhua quoted Modi as saying the e-vehicles market was expanding in the country at a very fast pace which could not be visualised till a few years ago.
The occasion marked the launch of a new manufacturing plant of e-vehicles batteries in the western state of Gujarat and the beginning of a new manufacturing facility of Suzuki in the northern state of Haryana.
"This silent revolution does not only belong to the engineering fraternity but the country as a whole," said Modi adding that the foundation of this revolution was laid in the past eight years.
"Today we are working towards both the supply and demand of e-vehicles in the country. The government is offering incentives to the buyers of e-vehicles so that demand rises at a fast pace.
"Besides, income tax rebates are also offered so that vehicles' loans become easier," said Modi on the occasion.
He said that today Indians were accepting e-vehicles as a major mode of transport.
On the same occasion, Modi also said that today the state of Gujarat was emerging as a top automotive manufacturing hub not only in the country but also on the world map. - BERNAMA
