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Booz & Co roped in for national electric mobility mission

Booz & Co roped in for national electric mobility mission
PTI
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First Published: Wed, Jun 22 2011. 04 01 PM IST
Updated: Wed, Jun 22 2011. 04 01 PM IST
New Delhi: Leading global consultancy firm Booz & Company has been roped in to chart out a roadmap for promoting electric vehicles in India as part of a joint initiative by the Department of Heavy Industry and industry body Siam under the national mission for electric mobility.
The firm will submit a report based on a study conducted across India that will seek opinions from various stakeholders, including companies and about 7,000 people, by September 2011.
“The idea behind the study is to find what are the issues that need to be tackled in order to promote electric vehicles in the country,” Society of Indian Automobile Manufacturers (Siam) senior director Sugato Sen said.
Booz & Company will help find answers to what could be the best option for India to promote electric vehicles, what sort of policy intervention would be required and what further incentives should be given, he added.
Sen said the report will be made public at the annual convention of Siam, to be held on 7 September.
“Already work on the study is on for the past one-and-a-half months. This also involves taking the opinion of various related ministries, such as the Ministry of Environment and Forests (and) Ministry of New and Renewable Energy,” he added.
In the Budget presentation for 2011, finance minister Pranab Mukherjee proposed setting up a National Mission for hybrid and electric vehicles to encourage manufacturing and selling of alternative fuel-based vehicles in India.
Subsequently, a National Council for Electric Mobility headed by Heavy Industries & Public Enterprises Minister Praful Patel was set up. Besides, a National Board for Electric Mobility has also been formed at the secretary level.
In order to promote alternative fuel vehicles, the Budget for 2011-12 proposed a cut in excise duty on the development and manufacturing of hybrid vehicle kits to 5% from the existing 10%, besides full exemption of customs and countervailing duty (CVD) on the import of special hybrid parts.
In 2010, the government announced incentives of up to 20% on the ex-factory prices of electric vehicles, which was as high as Rs 1 lakh for an electric car sold in India during the remaining part of the 11th Plan -- 2010-11 and 2011-12.
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First Published: Wed, Jun 22 2011. 04 01 PM IST