The company announced India 2.0 project last year, along with Skoda Auto through planned investments of around Rs 8,000 crore to strengthen its operations in the country.
Several automakers have opposed the proposal, arguing that the sudden shift from IC engines - which use fossil fuels to EVs would disrupt the automobile industry.
Ford’s Indian operations MD Anurag Mehrotra has been tasked with product portfolio management in tandem with Mahindra to cater to the 18-million-unit-per-annum market.
Proposals are invited from entities that intend to develop EV charging infrastructure in million-plus cities as per the 2011 census; and smart cities as notified by the Ministry of Housing and Urban Affairs, the Ministry of Heavy Industries said.
“If India wants to be the hub of electric vehicles or if India wants to be a market leader in electric vehicles, we have to move to zero emissions.” Naveen Munjal told ET.
According to Gadkari, around 30 per cent of driving licences in the country are bogus. About 1.5 lakh people die and 5 lakh people get injured in road accidents every year.
Union road transport minister Nitin Gadkari has informed the Lok Sabha that UP has 1.39 lakh registered electric vehicles followed by nearly 75,600 in Delhi.
The company, which has been primarily into the solar power space for the last 10 years, is also in talks with global firms for partnering in its electric mobility venture.
According to the monthly sales data released by SIAM, domestic passenger vehicle sales remained in red for almost 12th consecutive months in June 2019. Passenger car sales shrank by double digits for the third straight month in June as buyers continued to be put off by higher interest costs following the nonbank lending crisis and by rising automobile prices. Production across all segments also dipped by double digits in the first quarter of FY 19-20. Sharmistha Mukherjee explains the reasons for the slowdown and what the industry is seeking from the government to revive the Motown. Watch
