Need framework promoting clean tech that replaces ICE cars: MSI Chairman
Maruti Suzuki India is awaiting a policy framework that promotes all clean technologies resulting in petrol and diesel cars being replaced by vehicles using such eco-friendly technologies, according to its Chairman RC Bhargava.
In his address to shareholders in the company's annual report for 2023-24, he said industrial growth requires stability of policies and a predictable work environment.
He also expressed hope that in the third term, Prime Minister Narendra Modi-led government will continue its emphasis on building infrastructure, maintaining fiscal prudence, keeping inflation under control, implementing reforms that make manufacturing more competitive and trusting the private sector.
"Some believe that your company has been slow to manufacture electric vehicles. We decided to adopt a more diversified approach to meeting national objectives and did not want to put all our eggs in one basket," Bhargava wrote.
He further said the government has also accepted that in India there