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    Govt roadmap aggressive, but needed to make India electric vehicle hub: Naveen Munjal

    Synopsis

    “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.

    Naveen Munjal said the right to use the ‘Hero’ brand for electric products lies exclusively with his part of the family.
    NEW DELHI: Hero Eco managing director Naveen Munjal struck a dissonant note from Hero MotoCorp Chairman Pawan Munjal saying that while the government’s proposal to electrify all two-wheelers below 150 cc in the next six years is aggressive, it is necessary if India is to emerge as a hub for manufacturing electric vehicles.

    The views expressed by Naveen Munjal, who heads one of the country’s oldest two-wheeler firms, are in sharp contrast to Hero MotoCorp Chairman Pawan Munjal, who has said that a rushed deadline for electrification will impact investments and employment in the domestic automobile industry adversely.

    “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 take such steps. We have to move to zero emissions.” Naveen Munjal told ET.

    Munjal elaborated that given twelve of the fifteen most polluted cities in the world are in India, “And majority of the air pollution that comes in is two-wheeler pollution. There are enough reports which talk about that. Oil consumption is also two-wheelers, pollution is also two-wheelers… That’s the low hanging fruit. That has to get converted first.”

    As many as 21 million two-wheelers were sold in the local market in the last financial year. Hero Moto-Corp dominated with sales of 7.61 million units.

    Munjal went on to add that if required, the government should impose a cess on polluting vehicles to incentivise sales of electric vehicles. “Charge a cess on pollution, the more you pollute, more the tax you have to pay. If you go to central London, a diesel vehicle pays 19 pounds a day, petrol 14 pounds, electric zero. Something like that”, said Hero Eco’s Munjal.

    He said it has to be seen whether two-wheeler electrification can hit the 20 million mark in the next six years, but he emphasised that companies rolling out internal combustion engine driven motorcycles and scooters “will have to convert.” Hero Electric, he said, is geared to make good of the government’s electrification drive and to take on competition, even from within the family.

    Munjal said the right to use the ‘Hero’ brand for electric products lies exclusively with his part of the family.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    6 Comments on this Story

    Pyush 389 days ago
    Industrialists today can no longer dictate their Personal ambitions and desires and impose their profit minded Views on Government. We are seeing how Capitalist United States is slipping and losing to Asians. New Generation of Industrialists are able to see the progress in Asia with different eye lens as opposed to their fathers. They probably realize Indians are lot more educated and Informed today as opposed to past, Prime Minster Modi led Govt can longer be Influenced. To grow Business, to survive and sustain old Industrialists have to Serve new Generation of Consumers who are Enlightened.
    Pyush 389 days ago
    In Singapore many are same Indians, many of whom are holding Position of Authority. NRI Indians have a changed thinking, Perceptions in foreign Country. Because they have receive local higher education, they live and Interact with people of Singapore ( as opposed to living in India ). Indians in Position and Authority in Singapore have contributed to speedy progress of that Country. We are lucky that now India has a Prime Minister who thinks about masses. Swatch Bharat, Creation of New “Jal Mantralaya” (Ministry) is his Gift to nation and his People. He Pushes his Ministers to Plant trees, asks his Cabinet parliamentarians to Participate in cleanliness drive.
    Pyush 389 days ago
    Atleast now we should change our Thinking. Think about humanity, larger world around us , become humans instead of “Profit” and Commercial interest Machines. Countries around us have Progressed, they have built Clean sustainable cities, they are transiting to clean fuels, they give utmost importance to Preservance / (retention) of Tress , Water Resource . They use Knowledge of science and technology to protect Citizens and utilize Knowledge for welfare of citizens. Let us learn from our Neighbour Asian leaders by observing from Practices that they have adopted
    The Economic Times