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Anand Mahindra thinks Delhi is ‘rightfully the cradle’ of India’s EV revolution

Anand Mahindra, the chairman of the Mahindra Group, has welcomed the New Delhi Electric Vehicle Policy by saying it’s set a replacement benchmark for the remainder of the country. He said that the template provided by the Delhi government for EV transition can provide ‘new momentum to the movement in India’, if it’s emulated in other parts of the country.

Taking to Twitter, Mahindra said, “Delhi is rightfully the cradle of the EV revolution. This policy has set a replacement benchmark. it’s a template which, if emulated, can provide new momentum to the movement in India.”

He was reacting to Mahindra Electric MD and CEO Mahesh Babu’s tweet complementing the Arvind Kejriwal-led Delhi government for announcing an extended-term futuristic Electric vehicle policy. He assured that Mahindra Electric, Mahindra and Mahindra’s electric vehicle arm, ‘will work jointly to rework the mobility to sustainable in Delhi’.

The Delhi Electric Vehicle Policy will provide incentives of up to ₹1.5 lakh for the acquisition of electrical cars. it’ll also give incentives of up to ₹30,000 on e-two-wheelers, autos, e-rickshaws and freight vehicles. Customers looking to shop for an electrical vehicle also can enjoy low-interest loans promised within the policy. Car owners aiming for a shift to EVs also will tend incentives to scrap their old vehicles.

Mahindra and Mahindra recently announced that it’s trying to find a partner to proportion its electric vehicle business. During a call on Friday, August 7, Pawan Goenka, director at Mahindra and Mahindra, said that the continued coronavirus pandemic has not had much impact on the company’s plans to launch more electric vehicles in India. He also said that the time is true for the corporate to think about a venture to spice up its chances within the electric vehicle segment.

Goenka said the corporate plans for several new launches over subsequent 12 months also. “So finding partners for Mahindra Electric won’t be such a difficult task because it would be for a few other companies,” he added.

The company currently has as many as five electric vehicles in production, including the favoured eVerito, which serves mostly as cabs in India. In February this year, the corporate also launched eKUV100 at starting price of ₹8.25 lakh during the Auto Expo 2020.

Goenka had also said that there are 22,000 Mahindra e-vehicles on Indian roads – spanning three and four-wheelers. He had highlighted that with manufacturers like Tata, MG and Hyundai entering the electrical space, clean mobility has been given an impetus but urged more Original Equipment Manufacturers (OEMs) to hitch and appearance for tactics to stay prices down in order that the technology can reach more and more people.

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