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Arai likely to divide PM E-drive upgrade funds among 4 agencies
Mint Bangalore
|December 31, 2024
The Automotive Research Association of India (Arai) is likely to spearhead the distribution of ₹780 crore earmarked for upgrading the nation's automotive testing infrastructure as part of the government's ₹10,900-crore electric vehicle (EV) subsidy scheme, two persons aware of the matter said.
Being the oldest and largest among these agencies, Arai will formulate a plan to allocate the fund among the four testing agencies enlisted under the PM E-drive scheme - Arai itself, International Centre for Automotive Technology (ICAT), Global Automotive Research Centre (GARC), and National Automotive Test Track (NATRAX).
"Arai is likely to make a plan for the division of PM E-drive scheme's allocation, being the oldest and biggest testing agency among those empowered under the scheme," said the first person mentioned above, requesting anonymity.
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