Electric cars are the future, the government believes, in line with most other stakeholders in the industry, as it asked the auto makers on Thursday to move on from conventional fuels and make more electric vehicles.
“It is time for the auto industry to manufacture more electric vehicles. I am confident electric vehicles will be a success story,” Union minister for road transport and highways Nitin Gadkari said at the CNBC-TV18 Auto CEO Summit.
The minister said the success of the electric car depends on whether its prices can be brought down, which requires the automobile companies to focus more on research.
“The industry needs to focus on research for electric vehicles. I think if the prices come down, electric cars will do well,” Gadkari said.
Mahindra & Mahindra executive director Pawan Goenka stressed that the country needs to attract global automobile majors to conduct research and development for electric cars in India.
Meanwhile, Tata Motors is trying to put out electric buses by the end of this year, its executive director - commercial vehicles Ravindra Pisharody said.