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Price cap, certificate crunch stall Centre's electric truck drive
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Deepak Patel New Delhi
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The Centre's PM E-Drive scheme for electric trucks, notified this month for the N2 (weighing 3.5-12 tonnes) and N3 (weighing above 12 tonnes) categories, is proving to be a non-starter for makers of commercial vehicles (CVs) because it hinges on certificates of vehicle scrapping, which barely exist, Business Standard has learnt.
The scheme mandates that a buyer scrap an old vehicle to get a certificate of deposit (CD), which must then be used to claim the incentive on a new electric truck of the same or lower weight. But buyers without an old vehicle — who turn to the govern-ment's
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Indian Express
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He has been in the field for over 23 years, kicking off his journalism career as a freelancer in the late nineties with bylines in The Hindu. A graduate in law, he practised in the District judiciary in Kerala for about two years before switching to journalism. His first permanent assignment was with The Press Trust of India in Delhi where he was assigned to cover the lower courts and various commissions of inquiry. He reported from the Delhi High Court and the Supreme Court of India during his first stint with The Indian Express in 2005-2006. Currently, in his second stint with The Indian Express, he reports from the Supreme Court and writes on topics related to law and the administration of justice. Legal reporting is his forte though he has extensive experience in political and community reporting too, having spent a decade as Kerala state correspondent, The Times of India and The Telegraph. He is a stickler for facts and has several impactful stories to his credit. ... Read More
