SIAM seeks Electric Vehicle Policy, besides lower taxation for investments

Last Updated: Thu, Sep 06, 2018 14:29 hrs
SIAM 2018 (Image Courtesy: Twitter)

New Delhi: Abhay Firodia, the outgoing president of the Society of Indian Automobile Manufacturers (SIAM) regrets that the government stayed away from framing an electric vehicle (EV) policy.

Firodia who was speaking at the annual convention of SIAM, said that absence of guidelines was not helpful to the industry to plan future investments.

"After the earlier significant announcement favouring large-scale electrification of vehicles in the country, in an unexpected way, the government came out and stated that it will not be issuing a formal policy promoting EVs, but rather rake specific actions to enable proliferation of EVs in the country," Firodia was reported as saying in news reports.

SIAM sought lower taxation for the automotive vertical to realise growth potential.

Firodia before concluding was also critical of the standards maintained by the industry. He opined that there no standard when it came to aftermarket spares, especially the standard of service offered by roadside garages.

The outgoing President also appealed to the government that the industry needed a "clear 10-15 year roadmap for emissions and safety."

The auto industry will "follow any course set by the government, but requests the government not to change course mid way," he emphasized.

He also urged the ministry to consider enacting laws for minimum quality and service regulatory standards in the aftermarket.

In his brief talk, he also laid emphasis on aspects of improving safety and security.

The convention saw the participation of Union ministers such as Nitin Gadkari, Shipping Minister; Dharmendra Pradhan, Minister for Petroleum as well as leading automotive brands.

Nitin Gadkari, Minister for Roads, transport and Highways:

Dharmendra Pradhan, Union Minister for Petroleum & Natural Gas

Anant Geete, Union Minister for Heavy Industries

Guenter Butschek, CEO and MD of Tata Motors

With Agency Inputs

Image Courtesy: SIAM's Twitter Handle