Not right to find fault with Govt for lack of EV policy: Mahindra

Source: The Hitavada      Date: 13 Jun 2018 11:33:39


GURUGRAM,

(PTI),

MAHINDRA Group Chairman, Anand Mahindra on Tuesday said that it would not be right to find fault with the Government for lack of a “readymade” policy for electric vehicles (EVs) as it was still a new sector in the country and things would evolve gradually. Mahindra, who was here to inaugurate the Mahindra-Teri Centre of Excellence, said that the Govern-ment recognised the importance of EVs and it would take time for things to evolve.

“It (EV) is such a new area, a new field, that it is very difficult to fault anyone for not having a readymade ideal policy in place. These things evolve,” Mahindra told PTI. There was huge momentum in the Govt regarding EV space and everyone was pushing forward in that direction, he added.

Mahindra said templates like policy and other relevant regulations would be created and “will come in good time”. “I think they (Govt) are working with private sector to create these so, I am not unhappy at this point,” he said. When Mahindra Group entered EV space, it was subject to ridicule from various quarters but the business had paid off, he added.