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Updated December 26th, 2023 at 08:55 IST

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

India should definitely focus on Make in India because that will only create long-term competitiveness

Reported by: Business Desk
Largest electric vehicle companies by Market Cap
Largest electric vehicle companies by Market Cap | Image:Unsplash
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The government should not dilute Make in India initiative and follow a consistent policy, Sulajja Firodia Motwani, Chairperson, FICCI EV Committee Chairperson said amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. Motwani, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment. She also batted for the continuation of incentives for buying EVs to sustain the demand for the next few years.

Motwani also noted that the industry body is also pushing for the inclusion of electric cars priced up to Rs 20 lakh to get incentives under the third iteration of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme. "I strongly feel that the Make in India policies that the government has put in place, there should not be any reversal because now people have started investing in local manufacturing," Motwani told PTI in an interaction.

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If not followed diligently, the manufacturers would again shift to importing components from other countries including China, she added. When asked if US carmaker Tesla should get policy support to enter the Indian market, Motwani said: "As far as the entry of some of the premium car makers like Tesla goes I don't know the details about the proposal but I believe it's linked to a large investment. But I still feel personally there should not be confusion and the policy should be consistent.” People should know that there is a policy in place and it needs to be followed, she noted. "It shouldn't be that one day you say that Make in India is important and then you say that now duties are reduced. Policy should be long-term and consistent," Motwani said.

India should definitely focus on Make in India because that will only create long-term competitiveness, she noted. "Otherwise, we'll end up becoming a country where there are EV users but materials for their production are coming from other countries," she added.

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With PTI Inputs

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Published December 10th, 2023 at 12:47 IST

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