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TN EV policy will make state attractive hub: Ather Energy

Press Trust of India  |  Chennai 

: Ather Energy Co-Founder and CEO Tarun Mehta on Tuesday hailed the electric vehicle policy announced by the Tamil Nadu government, saying it would make the state an attractive hub for manufacturing EVs.

"Tamil Nadu's electric vehicle policy has taken into account the entire EV ecosystem and is extremely comprehensive. Removing the road tax for end consumers will have a positive impact on the adoption of rate of EVs in the state", he said in a release here.

The refunding of the state GST along with the plethora of other OEM (orignal equipment manufacturers) focused incentives make the state an attractive hub for manufacturing, he said.

The only aspect that require more support was the charging infrastructure, he said, adding as the policy itself mentioned the area was a critical part of the ecosystem and needs to be addressed.

"Fiscal support in the form of subsidies in the sector will go a long way to make Tamil Nadu a hub for electric vehicles", he said.

Greaves Cotton Ltd that owns Coimbatore-based Ampere Electrical Vehicles welcomed the policy announced on electric vehicles and said it was a great initiative.

"With this we inch a step closer to the dream of pollution free, affordable electric vehicle mobility in last mile.This will also open up good avenue for e-commerce and shared mobility segment", the company said in a statement.

Seeking to promote electric vehicles, the Tamil Nadu government on Monday announced its policy for the sector offering a slew of sops, including investment subsidy and waiver of various taxes and duties.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 17 2019. 19:55 IST