While stating that the government has done its bit to help e-mobility, Mahindra said it was time for manufacturers to work towards reducing EV prices in order to make it viable for personal usage.
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Automobile major Mahindra & Mahindra (M&M) on Thursday said India’s electric vehicles dream is not far from realisation but it needs steps like priority financing and duty reduction on certain parts to push e-mobility in the country. The company, which sells various electric models like e-Verito and e2O, said that with more manufacturers like Tata, Hyundai, MG Motors and Maruti Suzuki coming in the segment, there will be more acceptance of electric vehicles (EVs).
While stating that the government has done its bit to help e-mobility, the company said it was time for manufacturers to work towards reducing EV prices in order to make it viable for personal usage even as new business models in the shared mobility space proving it to be a sound proposition. “Government has done what needs to be done… Electric vehicle dream is now not very far and with many players coming in, Tatas have announced their vehicles, Hyundai has launched their Kona, MG has announced their EV and Maruti has talked about its EV as well, with that we will see more and more EVs coming in,” Mahindra & Mahindra Managing Director Pawan Goenka told reporters.