New Delhi, Feb. 22 -- In response to slowing electric vehicle (EV) penetration in India, the Ministry of Heavy Industries has urged the Society of Indian Automobile Manufacturers (Siam) to submit a comprehensive proposal outlining strategies to accelerate the adoption of electric four-wheelers, sources toldBusiness Standard.
The move comes amid growing concerns over the declining growth trajectory of the EV sector in recent quarters.
Top executives from Siam, leading carmakers, and officials from NITI Aayog convened with Heavy Industries Secretary Kamran Rizvi on Friday to address the issue and explore policy measures to boost EV sales.
While the specific concerns discussed remain undisclosed, the meeting reportedly focused on identify...
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