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Govt Calls For Siam Proposals To Rev Up Electric Car Adoption
Business Standard
|February 22, 2025
The Ministry of Heavy Industries has asked the Society of Indian Automobile Manufacturers (Siam) to submit a composite proposal outlining measures that the government can take to accelerate electric four-wheeler adoption in India, Business Standard has learnt.
This comes in the wake of a decline in the electric vehicle (EV) penetration over the past few quarters, raising concerns over the segment's growth trajectory.
Top executives from Siam and major carmakers met with Heavy Industries Secretary Kamran Rizvi to discuss the matter on Friday. Officials from NITI Aayog were also present. Siam and the ministry did not respond to the newspaper's queries till the time of going to press.
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