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.

India’s Transport Policy is an unmitigated disaster with traffic congestion frequently killing people.The lack of roads and traffic planning has made transport in Indian cities a daily monstrous headache for commuters.The use of modern transport which does not cause pollution and reduces congestion is the need of the hour.The government seems to be moving slowly in that direction.While MNRE had announced a capital subsidy for Green Transport earlier,the Finance Minister cut excise and custom duties on Green Vehicles as well.India’s Union Budget did not have much for the Green Industry except a piffling Rs 200 crore fund for the environment and the cuts of duties for EVs.