Hero, Bajaj, TVS strongly object Niti Aayog's move for all electric two-wheelers
India's big three two-wheeler makers - Hero MotoCorp, Bajaj Auto and TVS Motor Co - Monday hit out at Niti Aayog's plan to push for 100 per cent electric vehicle, saying such a transition is completely uncalled for and could jeopardise the industry.
Arguing that changing from conventional two-wheelers to 100 per cent electric is "not like Aadhaar, not a software and print cards", the companies said concerns of all stakeholders must be taken into consideration instead of imposing adoption of EVs.
"This is not like Aadhaar, not a software and print cards. You have to set up a whole supply chain, and migrate from the current supply chain," TVS Motor Co Chairman & Managing Director Venu Srinivasan told PTI.
Expressing similar sentiments, Hero MotoCorp said it was "deeply concerned by the potential repercussions of Niti Aayog's approach of completely banning two-wheelers up to 150cc that are powered by Internal Combustion Engines (ICE)".
Last week, Niti Aayog had asked auto industry ...