In a U-turn, the government has decided to offer a direct subsidy of around Rs 1.4 lakh for each electric car, while extending benefits to those purchasing other electric vehicles (EVs) too, such as two- and three-wheelers.
Mahindra group’s e-vehicle arm Mahindra Electric today said it has extended its partnership with car rental firm firm Zoomcar to the city, wherein the former’s 50 e2oPlus vehicles will be deployed on the latter’s platform here.
Road transport minister Nitin Gadkari said the government has asked automakers to develop vehicles that run on alternative fuels and fuel companies to develop bio-fuels
Mahindra Group said it is considering entering the U.S. and China, the world’s biggest auto markets, with high-end electric vehicles made by its Italian affiliate Pininfarina.
The three companies submitted the lowest bids from a lot of 20 bidders, both national and international, who had initially submitted their proposals to develop the Rewa solar park in Madhya Pradesh. The bids had closed on January 23.
The reverse bidding process for the Rewa solar park in Madhya Pradesh saw record first year low tariffs by the bidding companies. While Mahindra emerged the successful bidder for Unit-1 and submitted the lowest first year tariff at Rs 2.979 a unit, Acme Solar bid further low for the second unit of Rewa at Rs 2.970 a unit and Solenberg bid the lowest first year tariff of Rs 2.974 for the third unit of Rewa.