Electrical car shares and truck shares traded on a posiitve word because the Centre authorised the much-anticipated scheme for selling electrical autos within the nation. On the event, there shall be seen traction in shares together with Ola Electrical, TVS Motor, M&M, Bajaj Auto, Olectra Greentech, JBM Auto and Ashok Leyland.
On the final rely, Ola Electrical, TVS Motor, Bajaj Auto, JBM Auto traded with positive factors of as much as 3 per cent, with JBM Auto up practically 3 per cent on the final rely.
Importantly, as a part of the PM Electrical Drive Revolution in Progressive Automobile Enhancement (PM E-DRIVE), the centre has made an outlay of Rs 10,900 crore for over two years.
Additionally, the Cupboard has given a go-ahead to the PM-eBus Sewa-Cost Safety Mechanism (PSM) with a complete capital outlay of Rs 3,435 crore.
What’s the PM E-Drive scheme?
The federal government has introduced an outlay of Rs 10,900 crore beneath the scheme for offering incentives to E-2W/ E-3W/ Ambulance (hybrid)/ Vehicles/ E-Bus. Nonetheless, E-PV (passenger car) has been saved out of its purview.
The scheme has been launched for 2 yr time.
What number of models will draw profit from the scheme?
As per Zee Enterprise analysis inputs
E-2Ws 24.8 Lakh
E-3Ws 3.2 Lakh
E-Bus 14,028
Particulars Fund Allotted (Cr)
E-Buses 4,391
e-2Ws, e-3Ws 2,679
Upgradation of testing companies 780
E- Vehicles 500
E- Ambulance 500
What’s the PM E- Bus Scheme?
As a part of the scheme, the Centre has earmarked an outlay of Rs 3,435 crore overlaying 169 cities and 38,000 e-buses.