Andhra Pradesh is seeking to attract Rs 30,000 crore of investments in the electric-vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging-equipment manufacturers, helping India achieve its stated goal of drastically limiting the use of fossil fuels for its surface-transportation needs.
Image for representational purpose only
“Fast government approvals make it (Andhra Pradesh) ideal for manufacturing,” the state’s secretary for industries and commerce, Solomon Arokiaraj, told ET. “Andhra (Pradesh) aims to emerge as a hub for the electric mobility ecosystem in the country.” Besides capital subsidies, Andhra Pradesh proposes to offer concessional land and power, complete state GST reimbursements, and special incentives for battery manufacturing to draw investments in the electric-vehicle space.
New Delhi has proposed switching to an ‘electricity-only’ fleet by 2030, but is yet to announce a comprehensive policy.
- Advertisement -
It is working on a zero-subsidy electric-vehicle policy, with fiscal incentives such as tax waivers or holidays for vehicle and battery manufacturers and subsidised land. The policy awaits approval of the federal cabinet.
By contrast, Andhra Pradesh proposes policy interventions such as waiving off registration and road tax on the sale of electric vehicles, tendering three-wheeler fleet licences to companies, imposing additional taxes on petrol and diesel vehicles and introducing promotional schemes for women and consumers from vulnerable backgrounds for two-wheeler purchases, Arokiaraj said.
The state expects to put in place an electric-mobility policy by next month, ahead of a proposed framework by the central government. “Andhra (Pradesh) has achieved a growth rate of 11 percent in 2016-17, and has some of the most forward-looking policies. It has six existing ports and eight upcoming ports, numerous airports, vast tracts of land and 24×7 power quality power supply,” Arokiaraj said.
Andhra Pradesh proposes to set up an electric vehicle park with plug-and-play infrastructure for manufacturing units to start production. All cities of the state will come up with an electric-mobility blueprint, Arokiaraj said. To create demand, the state plans to convert the entire government fleet to electric and shift the complete bus fleet to battery-operated vehicles by 2030.
Other shared mobility vehicles will also be supported for conversion to the less polluting e-fleet, he said.
The state plans to invite tenders for procuring electric vehicles through the state-run Energy Efficiency Services Ltd (EESL). Tata Motors and Mahindra & Mahindra have emerged as winners for an EESL tender seeking 10,000 e-vehicles for four central government departments.
Andhra Pradesh will also provide capital subsidy and SGST exemptions for charging infrastructure installations. Land will be made available at concessional rates to charging stations and battery swapping kiosks. Bus terminals, bus stops, government offices and public parkings will compulsorily have charging stations and swapping stations. Time-bound permissions for setting-up charging infrastructure will be given, Arokiaraj said.
Information technology, rural development and panchayati raj minister of Andhra Pradesh, N Lokesh, had in November held stakeholder consultations with more than 30 experts that included members from top automobile manufacturers, international battery-makers, electric vehicle startups, charging infrastructure and renewable energy firms, and the academia. Discussions were held with Panasonic India recently for rolling out electric vehicles in the state.
Japan wants to collaborate with the Andhra Pradesh government to make an electric-vehicles city in the state that’s home to Isuzu, Kia Motors and Hero Motocorp factories. Recently, Toyota Kirloskar Motors signed a preliminary agreement with the state government to introduce electric vehicles in Amaravati.
Powering ahead, TSMC is dominating EUV market with 56% share reportedly. While it solidifies its lead in semiconductor technology, Samsung Foundry looks to compete...
Speaking on workforce development, policy support, and global partnerships at a US meeting, the Bangladesh Semiconductor Industry Association has ambitious goals.
The Bangladesh Semiconductor...
Vajram Electric Ltd is securing financing to enhance its manufacturing plant, increase production, and establish itself as a major supplier of international electric vehicle...
Eyeing tech partnerships and new opportunities, India-Kazakhstan business ties soar at the AIFC conference. Can this be a gateway for Indian electronics firms into...
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production.
Q....
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link.
Founded by Deepak Solanki in October 2014...
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests.
In an industry where pesticides and...
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups.
On Tuesday,...
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments.
CastNX...
Powering ahead, TSMC is dominating EUV market with 56% share reportedly. While it solidifies its lead in semiconductor technology, Samsung Foundry looks to compete...
Speaking on workforce development, policy support, and global partnerships at a US meeting, the Bangladesh Semiconductor Industry Association has ambitious goals.
The Bangladesh Semiconductor...
Vajram Electric Ltd is securing financing to enhance its manufacturing plant, increase production, and establish itself as a major supplier of international electric vehicle...
Eyeing tech partnerships and new opportunities, India-Kazakhstan business ties soar at the AIFC conference. Can this be a gateway for Indian electronics firms into...
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production.
Q....
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link.
Founded by Deepak Solanki in October 2014...
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests.
In an industry where pesticides and...
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups.
On Tuesday,...
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments.
CastNX...
