Its policy is clear: PM Narendra Modi has made it clear about electric vehicles. While presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said that the government will promote electric vehicles. The government will provide cheaper e-vehicles to ensure maximum use of electric vehicles in India. In addition, the government will focus on faster development in the transport sector. Let us know other information in detail.
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The auto sector has been witnessing a decline since the beginning of 2019, which has affected sales of car and bike companies. The June sales report has seen a steep decline in sales of big car companies such as Maruti Suzuki, Hyundai, Honda Cars, Toyota and Mahindra. Like the 4-wheeler, the 2-wheeler segment has also seen a decline. If SuZuki left in June, sales of big companies like Hero, TVS, Bajaj and Royal Enfield declined.
Tell you for information that the government is constantly working to promote electric vehicles. In view of the rising pollution, the NITI Aayog had recently asked manufacturers to share their road plans to promote electric vehicles.