MoRTH suspends registration and RC fees of electric vehicles
ROADS & HIGHWAYS

MoRTH suspends registration and RC fees of electric vehicles

In May 2021, the Ministry of Road Transport and Highways (MoRTH) had revealed the draft notification to revise the Central Motor Vehicles Rules, 1989, offering to exempt fees for issue or renewal of Registration Certificate (RC) of Battery Operated Vehicles (BOV).

The purpose is to promote e-mobility and quicker adoption of electric vehicles in India. However, many states suspended registration fees for the green vehicle in their electric vehicle (EV) policies, the existing notification would benefit and bring unity for EV customers in the country.

The combined EV purchases for FY21 were 238,120 units, 19.41% reduced compared to FY2020. As the Covid-19 pandemic and lockdowns impacted the sales, the electric two-three wheeler purchases were at 143,837 units and 88,378 units each based on a year-on-year.

In FY2021, most of the electric two-wheelers came from low-speed models of 103,000 units. Whereas, on the other hand, 40,836 high-speed models were bought at the same time.

According to the media, 11 prime electric two-wheeler manufacturers in India announced that in the first six months of 2021, overall 29,288 units were purchased, exceeding the total sales of 2020 (25,598 units).

The electric vehicle industry is likely to develop further, with the ministry providing exemption of waiver for registration fees for the green vehicles.

Image Source


Also read: Goa to offer subsidies on 11,000 EVs for next 5 years

In May 2021, the Ministry of Road Transport and Highways (MoRTH) had revealed the draft notification to revise the Central Motor Vehicles Rules, 1989, offering to exempt fees for issue or renewal of Registration Certificate (RC) of Battery Operated Vehicles (BOV). The purpose is to promote e-mobility and quicker adoption of electric vehicles in India. However, many states suspended registration fees for the green vehicle in their electric vehicle (EV) policies, the existing notification would benefit and bring unity for EV customers in the country. The combined EV purchases for FY21 were 238,120 units, 19.41% reduced compared to FY2020. As the Covid-19 pandemic and lockdowns impacted the sales, the electric two-three wheeler purchases were at 143,837 units and 88,378 units each based on a year-on-year. In FY2021, most of the electric two-wheelers came from low-speed models of 103,000 units. Whereas, on the other hand, 40,836 high-speed models were bought at the same time. According to the media, 11 prime electric two-wheeler manufacturers in India announced that in the first six months of 2021, overall 29,288 units were purchased, exceeding the total sales of 2020 (25,598 units). The electric vehicle industry is likely to develop further, with the ministry providing exemption of waiver for registration fees for the green vehicles. Image Source Also read: Goa to offer subsidies on 11,000 EVs for next 5 years

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code