LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Electric Vehicles: What Society of Indian Automobile Manufacturers says about EV targets by government

The Society of Indian Automobile Manufacturers (SIAM) has given its opinion on the ambitious aspiration of the Niti Aayog in bringing in Electric Mobility in the country as soon as possible.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Electric Vehicles: What Society of Indian Automobile Manufacturers says about EV targets by government
SIAM, a non-profit apex national body, represents all major vehicle and vehicular engine manufacturers in India. Image from Pixabay
Written By: Prashant Singh
Updated: Mon, Jun 10, 2019
12:12 pm
ZeeBiz WebDesk
RELATED NEWS
Rs 20-lakh cr economic package to boost demand, growth once again: SIAM Rs 20-lakh cr economic package to boost demand, growth once again: SIAM
FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter
GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances
Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes
Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1 Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1

The Society of Indian Automobile Manufacturers (SIAM) has given its opinion on the ambitious aspiration of the Niti Aayog in bringing in Electric Mobility in the country as soon as possible. SIAM says that Automotive Industry fully supports the government. However, SIAM cautions that the ambition needs to be tempered with a practical approach and what is possible without needlessly disrupting the automotive industry.

Rajan Wadhera, President, SIAM, says, "The automotive industry, today, is facing multiple challenges of leapfrogging to BS VI emission norms, complying with many new safety norms etc., in the shortest time-frame ever attempted in the world. This is engaging the focused attention of the industry and involving huge investments of
the order of Rs. 70,000-80,000 crores. Even before this investment is recovered, as per media reports, Government is proposing to ban sales of internal combustion engine (ICE) based three wheelers within a short time frame of 2023 and to ban sales of less than 150 cc 2 wheelers by 2025. This seems to be impractical as well
as untimely."

The SIAM president further adds, "What is required is a well laid out roadmap for an ambitious EV rollout over a practical timeframe along with an integrated plan for setting up the necessary infrastructure across the length and breadth of the country, in consultation with all stakeholders. The auto industry under the aegis of SIAM will continue to closely partner with Government in ensuring a planned transformation towards electric vehicles and to build the nation, sustainably."

SIAM, a non-profit apex national body, represents all major vehicle and vehicular engine manufacturers in India.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SIAMElectric Vehicles
RELATED NEWS
Rs 20-lakh cr economic package to boost demand, growth once again: SIAM Rs 20-lakh cr economic package to boost demand, growth once again: SIAM
FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter FADA writes to SIAM to upgrade to Market Share Calculation by way of Vahan Registrations - FULL TEXT of letter
GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances GST reduction RELIEF in the offing for auto sector? Nitin Gadkari made these assurances
Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes Huge hike in registration fee of new vehicles! SIAM raises alarm - What draft notification proposes
Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1 Sales data revealed! Passenger Vehicles to 2-Wheelers, know all the figures for Q1

LATEST NEWS

Lemon Tree Hotels share price: Horwath report highlights of India's largest chain in mid-priced hotels sector and third largest overall

Liverpool slumps to historic 5th straight loss at Anfield

JK Lakshmi Cement: Sharekhan retains a Buy rating with revised price target of Rs 525

Gold Price Today 04-03-2021: EXCLUSIVE! Yellow metal may slide below Rs 44,000; check this money making idea

Realme Narzo 30A to go on sale today: Check price, camera, features, offers on Axis Bank, Bank of Baroda and more

Exclusive: Power Grid InvIT IPO to be launched soon; to be game-changer for company, Anil Singhvi says

Mumbai: 10 restaurant staff test positive for COVID-19

One of strongest earthquakes in history! Pacific quake sets off tsunami, threat lifts in New Zealand

MTAR Technologies IPO: Last Day to subscribe for the issue, retail portion subscribed over 16 times on 2nd day

MTAR Technologies IPO Subscription: Check allotment status finalisation date and how to check if you got shares

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved