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Electric Car Sales: The administration’s move to limit registration of petrol and diesel vehicles has already drawn strong opposition. Some relaxations have been made, but they have failed to placate political parties and auto dealers.
“In Delhi, we have around 2 lakh registered vehicles with the aggregators. Out of that, we sell around 10 lakh kg per day. As we understand from the policy that has been approved, by 2030, 100% aggregators would be converted to electric. We expect around 10 lakh volumes by 2030 to be impacted.”
Shares of City Gas Distribution (CGD) companies Indraprastha Gas (IGL) and Mahanagar Gas (MGL) tanked up to 11 percent on Friday following the Delhi government's approval of the electric vehicle (EV) policy for cab aggregators and delivery service providers.
Mercedes Benz: The luxury carmaker Mercedes-Benz exports 90% of its total South African output, primarily to Europe, which plans to ban sales of new petrol and diesel cars from 2035. At the same time, South Africa's policy paper on EVs is two years behind schedule. The government has said it will be published this year.
Greaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India scheme. The company is one of seven electric two-wheeler makers accused of selling vehicles without meeting localisation requirements. Greaves plans to repay around ₹124.91 crore, making it the second company to offer a refund.