Here is good news for the electrical car lovers in India. Since the price of petrol and diesel keep rising here and then many of the customers feel that it would be good if electrical vehicles come into Indian market.
Very few companies like Honda Siel and TVS have their electrical versions but they are not that known and also people seem not to prefer it much than its other two versions as the prices were much higher than the petrol variants of these vehicles. The Indian consumers are very price sensitive and no one is ready to pay a best price for such product. But now it’s not the same people are ready to invest in good electrical vehicles.
The government is even trying to up bring the electrical cars in large number. Global warming is also another issue all over the world. So there has been constant demand from the manufacturers of green vehicles for some incentives from the government. The resources say that in the Union Budget the ministry of heavy industry had decided to offer Rs.6,000 crore inducement package to boost the manufacturing of electric and hybrid cars and two-wheelers in India. The fund will be used for providing infrastructure support and also setting up research and development centres for electric and hybrid vehicles.
In the 2011-12 Budget, the government had announced that it would set up a National Mission for Hybrid and Electric Vehicles to encourage the manufacturing and selling of ecofriendly vehicles.Last year, the ministry of new and renewable energy had announced a subsidy of up to Rs.1 lakh on the ex-factory price of electric and hybrid cars produced in India but this incentive is scheduled to expire by March 2012.
Mahindra Reva is manufacturing electric cars in India. Despite the growth potential most of the auto manufacturers had stayed away from the Indian market as they feel that there is no infrastructure support in terms of charging stations. But now many automakers like Maruti Suzuki, Mahindra and Mahindra, Hero Honda, TVS Motors and some commercial vehicle manufacturers have articulated their interest in producing such vehicle.