Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption

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Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption - Business Standard

Quick Summary:

The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT.

The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks.

During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks.