Electric Vehicle Industry's Bold Step Towards Self-Sufficiency

In a significant meeting with commerce minister Piyush Goyal, the electric vehicle (EV) industry has unanimously agreed that subsidies will no longer be necessary once the current regime ends. This bold declaration underscores the sector's confidence in its growth trajectory without government financial support.

Strengthening Economic Ties with the US

Amidst ongoing trade tensions, Minister Goyal expressed optimism about strengthening economic relationships with the United States under the Trump presidency. Highlighting past collaborations, Goyal's remarks come at a time when trade tariffs have been a point of contention, with the incoming president labeling India as a 'very big abuser' of tariffs.

Caution to Quick Commerce Companies

Goyal also issued a cautionary note to quick commerce companies, emphasizing the importance of adhering to local laws. This comes in the wake of Blinkit's pilot launch of a 10-minute ambulance service in Gurgaon and the emergence of medicine delivery services, signaling a rapid evolution in the quick commerce sector.

Electric Mobility in India: Ready for Takeoff

With the EV industry's unanimous stance on forgoing subsidies, India's electric mobility sector is poised for significant growth. Goyal highlighted efforts to facilitate the establishment of charging infrastructure at petrol pumps, including the introduction of self-monitoring and self-certifying guidelines for charging stations, with oil companies overseeing compliance.