Friday, April 12, 2024
Outlook India
Outlook Business

Electric Vehicles Market

Emphasising the need to give support to the electric vehicle sector, Finance Minister Nirmala Sitharaman announced that the government will expand the ecosystem by supporting charging infrastructure, etc.

The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged

The state government has approved a special incentive package for the JSW Group's EV and component manufacturing projects at Naraj in Cuttack, and Paradip in Jagatsinghpur district

Under the partnership, the company will invest Rs.50 crore to enhance the state’s EV charging infrastructure.

The summit has resulted in 10+ MoU signings with PURE EV for exports of their motorcycle models

The company will use this funding to invest in cutting-edge technologies and expand its footprint across India

Raptee's first motorcycle is expected to come in early 2024, with two experience centres in Chennai and Bengaluru