There is economic viability in new technology

I would strongly urge the sector to invest in public transport and develop electric bikes and electric cars.Low per capita car ownership which uses internal combustion engine gives India a unique opportunity to pursue a different growth model in this sector, said Kant. I urge automobile companies to diversify in alternative fuel, said Gadkari.Its an opportunity for our industry.There is economic viability in new technology.Most likely, we will extend it for another six months after the end of September.Cost is high but it will come down to one-third or less in coming times.At present, India has a low per capita car ownership of 20 vehicles per 1,000 citizens in comparison to 800 vehicles per 1,000 citizens in the US and 85 per 1,000 citizens in China.At the inaugural session of the 57th SIAM Annual Convention 2017, Minister of Heavy Industries and Public Enterprises Anant Geete said the government was considering the https://www.brighterbattery.com/ extension of a scheme to promote electric and hybrid vehicles by another six months.Union Transport Minister Nitin Gadkari exhorted the automobile industry to develop technology to run vehicles on alternative fuel like bio-fuel. Earlier, the phase one of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-India scheme was extended by six months, said Geete.The transformation to electric cars is inevitable in India for which integration of different industries and building the relevant ecosystem is necessary, said Renault India head. Let us plan for the next 25 years.