India had announced a policy to provide subsidies for purchases of Green Vehicles in the Budget session .With Oil Prices crossing $100 a barrel quite comfortably and not looking like coming back to 2 digits anytime soon,the government is going to set up 2 bodies to promote hybrid and electric vehicles.Note other governments like China,South Korea and USA have already provided massive subsidies,loans and  regulations to promote both the manufacturers and the usage of Green Cars.Cabinet has already approved National Council for Electric Mobility (NCEM) and  a junior body at the executive level,  National Board for Electric Mobility (NBEM).India to Set up 2 Bodies NBEM,NCEM to promote Green Vehicles as Oil Prices Pinch

Note none of the Indian automakers has a decent EV or a Hybrid selling in the Indian market.Foreign markets on the other had are seeing fierce competition amongst major auto makers to gain a first mover advantage.GM,Nissan,Toyota are the leader in this market with other car makers also in the process of getting in.Hectic alliances and JVs are being forged as this market segment promises to be the fastest growing as the governments give massive subsidies and push.It remains to be seen whether the government in India can push given its record.

Govt to set up apex bodies on hybrid vehicles this week

The government will set up two high-level bodies this week to frame policies for promotion of hybrid and electric vehicles in the country, which depends largely on imports for its automobile fuel.Patel recently indicated that the government may provide an direct or indirect subsidy for the manufacture of green vehicles.At the NATRIP function, Sharma said it was time India took steps to develop and promote hybrid and electric vehicles as there is a need for alternative and emission-friendly initiatives.