Government approves $4.1 bn electric, hybrid vehicle drive

Discussion in 'Economy & Infrastructure' started by Daredevil, Aug 29, 2012.

  1. Daredevil

    Daredevil On Vacation! Administrator

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    Government approves $4.1 bn electric, hybrid vehicle drive

    The government has approved a Rs. 230 billion eight-year plan to spur electric and hybrid vehicle production, heavy industries secretary S. Sundareshan said on Wednesday, with a target of 6 million vehicles by 2020.

    New Delhi will provide around Rs. 130 to 140 billion of that total, with corporates providing the remainder, S. Sundareshan told reporters.

    Headed by Mahindra & Mahindra's Reva brand, India has a nascent electric vehicles industry, but other local players such as Tata Motors and Hero MotoCorp have embarked on hybrid and electric products.
     
    parijataka and Raj30 like this.
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  3. drkrn

    drkrn Senior Member Senior Member

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    they better plan ahead and invest heavily in solar energy or else we will land breaking our own record in worlds largest power failure
     

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