Posted On : 29-Jun-2018
New Delhi: The country's second largest car maker Hyundai has come strongly against the removal of consumer benefits from electric cars and said that this step will slow the electrification speed.
Y K Koo, MD of Hyundai India, said that new technologies, especially the clean-fuel drive trains, requires government subsidies to gain traction.
"I do not want to make profit from the sale of electric cars ... but what kind of a support is the government giving us the zero emission technology?" Koo told TOI, while expressing a move by the heavy industries ministry to remove the subsidy that consumers get when purchasing an electric vehicle.