Follow us
Committed to advancing India’s EV ecosystem: HD Kumaraswamy: IANS
"We are committed to advancing India's ecosystem, fostering local manufacturing and promoting sustainable growth," Union Minister for Heavy Industries and Steel noted.
7488 Views
File photo
The government is committed to advancing India's EV ecosystem, bolstering manufacturing and promoting sustainable growth, the Union Minister for Heavy Industries and Steel, HD Kumaraswamy noted.
In a post budget webinar in New Delhi, Kumaraswamy noted that the Prime Minister's vision for 'viksit Bharat 2047 and achieving net zero by 2070 guides our mission at the Ministry, IANS said.
"We are committed to advancing India's ecosystem, fostering local manufacturing and promoting sustainable growth via key programs like PLI, FAME, EMPS and advanced capital good schemes, IANS noted.
The EMPS Scheme has an outlay of Rs 778 crore to bolster EV manufacturing, especially for two and three wheelers.
By 2030, India is slated to have roughly 50 million electric vehicles on the roads, with a market size expected to touch USD 48.6 billion.
RELATED ARTICLES
Castrol India Q32026 Net Profit Drops 23% to Rs 176 Crore as Input Costs Surge
Dev Vadchhedia
24 Oct 2026
The lubricants maker recorded 27 percent revenue growth, but raw material inflation and currency headwinds pressed profi...
Paradeep Parivahan Secures 10-Year EV Heavy Haulage Contract From JSW Group
Autocar Professional Bureau
24 Oct 2026
The logistics provider will deploy 100 electric trucks for industrial transport across Andhra Pradesh and Karnataka.
Ursaa Energyworx Launches Ursaa Hybrid Platform for Fleet Operations and Battery Data
Shruti Shiraguppi
24 Oct 2026
Ursaa Hybrid links vehicle movement and utilisation data with battery performance, charging activity and route execution...
