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.