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India: Policy fog delays electric vehicle launches

Electric vehicle manufacturers have started putting off product launches as the government is yet to announce extension of the subsidy scheme that expired in March last year.

The government had indicated earlier that it would continue the subsidy scheme till the National Electric Vehicle Mission Policy was implemented.

However, a formal extension is yet to be given.

This has led to EV sales almost halving since the beginning of this fiscal.

This has forced the manufacturers to go slow on their launch plans.

Among others, Mahindra Reva has delayed the launch of its next generation car NXR, now rechristened e2o (pictured)



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