EV startup founders urge Centre to extend PM E-DRIVE scheme and revise PLI Auto policy
By
Moneycontrol News
Summary
Founders of five Indian EV startups — Ather Energy, Matter, River, Euler Motors, and Raptee.HV — met with Union Minister HD Kumaraswamy to request an extension of the PM E-DRIVE scheme and revisions to the PLI Auto scheme. The startups argue these policy changes are essential for scaling manufacturing, boosting exports, and competing globally in the electric vehicle sector.
Source
Key quotes
· 2 pulledFounders of Ather Energy, Matter, River, Euler Motors and Raptee.HV urged the Centre to extend PM E-DRIVE scheme and revise PLI Auto scheme
The changes would help new-age EV companies scale manufacturing, boost exports and compete globally.
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