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Manufacture electric vehicles or lose market share: Amitabh Kant to Motown

Updated : November 12, 2019 10:36 PM IST

Niti Aayog, the government's think-tank, on Tuesday asked automobile companies to manufacture electric vehicles or lose market share in the near future.

In an interview to CNBC-TV18's Parikshit Luthra, Amitabh Kant, chief executive officer, promised to remove impediments for two-wheelers in government's Faster Adoption and Manufacturing of Hybrid and Electric Vehicles or FAME 2 scheme.

"FAME-2 is essentially focused on buses. We have supported about 6,000 buses as it is mass transportation. We will support two-wheelers, three-wheelers," Kant said.

"If these people think they can import from aboard and sell in India, government subsidies will not be used for importing. These conditions have been put to ensure that they manufacture in India,” he added.

"It is a very good and progressive measure that someone like Rajiv Bajaj has started now manufacturing Bajaj Chetak as electric scooter and he will now use that as a springboard for export. That is what everyone should do,” he said.
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