India's New Policy Boosts Electric Vehicle Adoption

29 Mar 2024 CW Team

India has launched a new policy aimed at accelerating the adoption of electric vehicles (EVs) across the country. The policy, announced by the Ministry of Heavy Industries, seeks to bolster the EV ecosystem, including manufacturing, charging infrastructure, and consumer incentives, in line with the nation's commitment to reducing carbon emissions and promoting sustainable transportation.

Under the new policy, significant incentives and subsidies will be provided to both manufacturers and buyers of electric vehicles. This includes financial assistance for setting up charging infrastructure, tax benefits for EV manufacturers, and subsidies for consumers purchasing electric vehicles. The policy also includes measures to encourage the domestic production of EV components, fostering the growth of the electric vehicle industry and creating employment opportunities.

One of the key highlights of the policy is the establishment of a robust charging infrastructure network across the country. This initiative aims to address one of the major barriers to EV adoption by ensuring convenient access to charging stations nationwide. Additionally, the policy emphasises research and development efforts to drive innovation in electric vehicle technology, making EVs more affordable, efficient, and accessible to the masses.

The implementation of this policy underscores India's commitment to transitioning towards a cleaner and more sustainable transportation system. By promoting the widespread adoption of electric vehicles, India aims to reduce its dependence on fossil fuels, mitigate air pollution, and contribute to global efforts to combat climate change.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..