Tata Motors and M&M excited to create EV ecosystem in Maharashtra

NEW DELHI: Two of India’s largest electric vehicle manufacturers, Tata Motors Ltd and Mahindra and Mahindra Ltd, expect the adoption of electric vehicles and the creation of a suitable ecosystem to get a boost in Maharashtra due to the revised state government incentive policy for electric mobility.

The two Mumbai-based automakers are investing heavily in electric mobility and see electric vehicles as an important part of their product portfolio over the next decade. They plan to create an ecosystem for such zero-emission vehicles by collaborating with government agencies, other companies and startups.

According to Rajesh Jejurikar, Executive Director, Automotive & Agriculture Sectors, Mahindra & Mahindra, the new Maharashtra EV policy is both progressive and comprehensive as it covers all aspects of the EV ecosystem from charging to simplifying financing. . While the tax benefits will make electric vehicles affordable, the non-tax benefits will help develop an overall ecosystem of electric vehicles in the state.

“The government has clearly put forward adoption strategies, especially in the last mile mobility segment. Mahindra has invested in the state of Maharashtra, the latest being a dedicated Chakan EV technology manufacturing plant. Mahindra is eager to roll out products like the Treo three-wheeler line, which will help customers earn more, given its lower operating costs. Last mile mobility in India offers a huge opportunity for electric vehicle penetration and is poised for massive transformation, ”added Jejurikar.

In its revised policy, Maharashtra aims to convert all government vehicle fleets to electric from 2022 and plans to increase the share of electric vehicles in public transport and last mile delivery services to 25%. by 2025. The government will also offer incentives to set up 2,500 charging stations across the state and offer discounts to housing companies for installing new change devices. New real estate projects will be mandated to conserve space for the installation of charging devices. Electric vehicles will also be exempt from road tax and registration fees.

“We are delighted to see a very enabling EV policy from the government of Maharashtra. This is a welcome move and indeed a very strong government determination towards the adoption of the EV. Additionally, extended support for increased charging infrastructure will provide EV owners with a hassle-free commute. This visionary policy will enable a faster transition to electric vehicles, ”said Shailesh Chandra, president of the passenger vehicle business unit, Tata Motors.

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