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From Maruti Suzuki to Honda and Ford, who's doing what on electric vehicles

Amid the Modi govt's clear intent of promoting electric vehicles in the country, most major major vehicle manufacturers have started work on equipping themselves for the EV drive

Ajay Modi  |  New Delhi 

Electric car, Electric vehicle

Local and global auto makers with presence in the India market have started responding – slowly, but surely – to the Narendra Modi-led central government’s clear intent of promoting Earlier, Maruti’s parent, Suzuki, had announced in April a plan to set up a Rs 1,151-crore lithium ion battery manufacturing unit in Gujarat, along with Toshiba and Denso. These batteries are used in Now, Honda is also reportedly considering a lithium ion battery unit in the country. and last month said the two global auto majors would work together to introduce in India by 2020. American car maker Ford tied up with M&M to work together on electric mobility, among other areas of cooperation. and M&M in October won a government tender to supply 10,000 The Indian government has talked about moving to completely to sale of by 2030, though a formal policy to this effect is still in the works.

The intent turned clearer when the Goods and Services Tax (GST) Council decided to tax all at a lower rate of 12 per cent when compared with a minimum of 29 per cent charged on small petrol cars and other vehicles. For prices of cars, most which cost Rs 3 lakh to Rs 7 lakh, this tax rate difference is significant. It is a different story, however, that electric car prices are 60-70 per cent more than conventional fuel cars, thanks to the high cost of lithium ion batteries. The now wants this GST to be further brought down to 5 per cent. Business Standard takes a quick look at what various top automobile manufacturers are doing on the front of electric vehicles:

First Published: Mon, December 25 2017. 15:15 IST
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