Relief to the automobile industry, which was going through a recession, a big decision taken by the government!
Relief to the automobile industry, which was going through a recession, a big decision taken by the government!
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The government has given a respite to the automobile industry. Transport Minister Nitin Gadkari has said that no deadline will be fixed for electric vehicles to take off on roads or ban petrol and diesel vehicles. Asked about a time frame for the removal of petrol and diesel vehicles in the draft guidelines of the NITI Aayog, Gadkari said his ministry has not given any deadline for the same. Let us know the full details

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"No deadline will be fixed for electric vehicles," Gadkari said in a statement on Wednesday. "Many state governments are buying electric buses and these changes will take place over time," a government official told media, noting that the Road Transport and Highways Ministry is not considering implementing the proposed deadline by the NITI Aayog to ban diesel-run vehicles.

However, the ministry will continue to encourage electric vehicles. The ministry had last month issued an advisory to state governments to provide incentives to electric vehicles through road tax exemption strain and land allocation for charging infrastructure.

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In June this year, a committee led by NITI Aayog Chief Executive Amitabh Kant, in its report, gave a roadmap for the introduction of electric vehicles in the country in a phased manner and to set up battery manufacturing factories to reduce the cost of these trains. The committee had given a deadline to replace the various categories of trains with electric vehicles, and all three-wheelers and two-wheelers below 150cc were required to be electric by 2023 and 2025 respectively. Experts in the automobile sector believe that the NITI Aayog's draft proposal does not take into account the impact on the automobile component industry.

"India is a leader in the two-wheeler segment in South East Asia. The automobile sector accounts for about 11% of GST and contributes 7% to the country's GDP. We're not setting a deadline. However, we will continue to provide incentives to electric vehicles.''

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The automobile sector is reeling under the worst recession in nearly two decades and has sought relief packages from the government. "The statement came from the government in view of the poor condition of the automobile sector," said Vishwas Uddardar, partner of Deloitte. "The government should consider giving incentives to electric vehicles, but the responsibility of running petrol and diesel should be left to the industry," he said.

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