New Delhi: The Jharkhand government is also in talks with Hyundai and Toyota to attract big-ticket investments. Tata Motors already has one of its manufacturing plant in Jamshedpur.
Jharkhand aimed to become one of the biggest electric vehicle manufacturing hub in Eastern India. The Jharkhand government is in talks with a number of carmakers, including the Tata Motors and Maruti Suzuki, to set up EV manufacturing facilities in the state.
The Chief Minister of Jharkhand, Hemant Soren has offered sops and facilities to several carmakers as his government inches closer to finalise its first electric vehicle policy, on Friday. Besides Tata and Maruti, the state delegation is believed to have approached other carmakers like Toyota, Hyundai Motor and Honda Cars as well.
The proposed Jharkhand EV policy, which got presented to the carmakers, comitts full exemption in stamp duty and registration fee.
The government also promised to provide land for carmakers at a 50 percent subsidy through the Jharkhand Industrial Area Development Authority (JIADA) if they promise to invest in electric vehicles within the first two years since the launch of the Jharkhand EV policy. It also proposes full exemption from vehicle registration fees and road tax.
Soren on Friday said that, “The proposed electric vehicle policy has been presented in front of you. If we look towards the future then I believe electric vehicles are the future vehicles where we can do as much as we want.”
An official privy to the meeting told the news agency PTI that, “The state government aims to mop up Rs 1 Lakh crore funding and generate five lakh jobs through two days investors meeting that started on Friday.”
“During one on meeting with Tata Group officials, the Chief Minister asked them why can’t they open an electric vehicles manufacturing plant in the state.”
Among the approached carmakers by the state government to set up EV facilities, Tata Motors already has a vehicle manufacturing plant in Jamshedpur. Sushant Naik, Global Head of Corporate Affairs at Tata Motors, along with other senior officials from the group, are likely to hold meeting with Chief Minister Hemant Soren and other officials on the matter.
Jharkhand’s EV initiative comes days after Odisha got emerged as the tenth state in India to come out with its own comprehensive electric vehicle policy. The state also want carmakers to set up EV manufacturing units along with components industry to produce batteries for electric cars.
