The Future Is Electric Vehicle
The Indian Automobile sector can be said to be broadly divided into 79% of Two Wheelers, 4% of 3 Wheelers , 12% of economy cars, 2% of High end cars and rest forming other vehicle segments. The Growing prices of Fossil fuels and an increased awareness of Environment protection has lead the world including India to adopt Green Vehicle Technology. The Phase -II of FAME Scheme has an out lay of 10,000 crore for a period of 3 years from 1st April 2019. 86% of the fund has been allocated for creating a demand of XEVs . The Fame -II aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers. This opens up the investment for about $180 billion by 2030 and an annual battery capacity requirement of 158 Gwh. The sales of electric vehicle is also expected to grow from half million in FY2020 to 100 million by 2030.
Green Vehicle Expo
The Green Vehicle Expo was conceptualized in 2019 , keeping in tune the Government of India’s commitment towards encouraging cleaner and sustainable mobility. The first edition of the expo was held in 2019 where international delegations including the delegation led by Mayor of Yeounggwang, South Korea Mr Kim Jun Seongalong who had come to India for promotion of business ties in India.
The 2nd edition of Green Vehicle Expo 2021 inaugurated by the holy hands of His Holiness Gurudev Sri Sri Ravi Shankarji along with Shri I.S Prasad, Hon President of FKCCI along with members of Automotive associations was a comeback event for the industry as well as the other stakeholders who were looking for an opportunity for standing back after the pandemic induced prolonged restrictions on movement.
The 3rd edition of Green Vehicle Expo 2022 instacharged by LOG9 was held from 1st to 3rd July 2022 and was inaugurated by Shri Bhagwant Khuba, Honorable Minister of MNRE along with Shri Mrugesh Nirani, Minister of Large & Medium Scale Industry and Dr. C.N Ashwathnarayan Minister of Electronics, IT – Biotechnology, S&T, Higher Education, Skill Development, Entrepreneurship and Livelihood in Government of Karnataka
The Green Vehicle Expo was the hub of the Made in India and Make in India concept being promoted by the Government of India. It showcased the latest 2 wheelers, 3 Wheelers, Conversion Technology, Hybrid Vehicles, Electric Vehicle infrastructure, parts and allied industry . LOG9, the principal partner for the event launched their new range of electric vehicles for last mile logistics which included different vehicles across EV segments like 2- Wheelers, 3- Wheelers & 4 Wheelers.
What Karnataka Holds For EV?
captital subsidy on fixed asstes to maximum of 50 acres
production linked subsidy on turnover for 5 years
Exemption of stamp duty and 0.1% registration charges
subsidy on cost of ETP upto Rs 2 crores
stipend skill development subsidy for in plan training up to Rs 10,000 per month
0 0 %
Road tax and registration charges
what we do
Electric and Hybrid Vehicle Manufacturers
Automotive Component Manufacturers
Automotive Ancillary Companies
Charging Infrastructure Companies
Battery Technology Companies
State Transport corporations
Mobility Service providers
Alternative Energy / Solar Power Technology Companies
E-business platforms focused on the mobility sector
Logistics and Transport Companies