Kumaraswamy meets founders of Ather, River and other EV startups as industry seeks PM E-DRIVE extension, PLI Auto revision

The meeting between Union Minister for Heavy Industries and Steel H.D. Kumaraswamy and the founders of electric vehicle startups took place in Bengaluru. The industry representatives present at the meeting included founders of Ather Energy, Matter, River, Euler Motors, and Raptee.HV. They discussed the need for an extension of the PM E-DRIVE incentive scheme and revisions to the Production Link Incentive (PLI) Auto scheme. The proposed changes would enable new-age electric vehicle companies to scale up their manufacturing capabilities, increase exports, and compete more effectively in the global market. The electric vehicle sector has been growing rapidly in India, with several startups emerging in recent years. The government's support through schemes like PM E-DRIVE and PLI Auto has been crucial for the growth of this sector. The industry is now seeking further support to consolidate its position and achieve its full potential. The meeting with the Union Minister was an opportunity for the industry representatives to present their case and seek the government's support for the extension and revision of these schemes. The outcome of the meeting is expected to have a significant impact on the future of the electric vehicle sector in India. The industry is hopeful that the government will consider their requests and provide the necessary support to help them achieve their goals.