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EVs to Get Upto Rs 1.4 Lakh Subsidy, Petrol Cars to Become Expensive

28Aug By Gauri SinghNo Comments

INDIA

EVs to Get Upto Rs 1.4 Lakh Subsidy, Petrol Cars to Become Expensive

Nowadays, electric vehicles are getting major attraction and therefore, the government has reportedly decided to offer a direct subsidy of around Rs 1.4 lakh for each electric car with an aim to boost sales of the electric vehicles, including cars and two-wheelers and three-wheelers. The particular announcement was made during a meeting of the committee on EVs on 23rd August 2018, which was chaired by Expenditure Secretary AN Jha. Along with this decision, the ministry also decided to increase the allocation of subsidy on e-vehicles from Rs 4,000 crore to Rs 5,000 crore for a period of five years under the second phase of Faster Adoption and Manufacturing of Electric (and Hybrid) vehicles (FAME) scheme. Under the phase 2 of the scheme, the government is looking to see about 8-fold in...

Alinz Plans to Bring Portable Petrol Pumps to India

Alinz Portable Petrol Pumps has announced that they have partnered with Czech firm Petrocard for the purpose of building four portable petrol manufacturing units in India. These units will manufacture machines for such pumps. This program is to be taken forward with an expected investment of Rs 1,600 crore. The company believes that portable petrol pumps can help in cutting the land and time required to build a filling station in the country and it would be more helpful in areas where the land is scarce. “We would soon be able see an unmanned fuelling station where we, on our own can refuel our vehicle making digital payment,” Alinz managing director Inderjeet Pruthi said. The concept of portable petrol pumps is new to India and this has been approved by the Ministry of Petroleum and ...

India Plans Home Delivery of Petroleum Products

India is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel stations, the oil ministry tweeted on Friday. About 350 million people come to fuel stations every day, it said. Annually 25 billion rupees (USD 387.00 million) worth of transactions takes place at fuel stations. India, the world's third biggest oil consumer, will be introducing daily price revision of petrol and diesel in five cities from May 1, ahead of a nation-wide roll out of the plan. “Options being explored where petro products may be door delivered to consumers on pre booking” @dpradhanbjp (1/2) — Petroleum Ministry (@PetroleumMin) April 21, 2017 “This would help consumers avoid spending excessive time and long queues at fuel stations...