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Business EconomyPosted at: Aug 7 2020 10:18PM


New EV policy in Telangana will make state an attractive EV hub: PURE EV

Hyderabad, Aug 7 (UNI) Hailing the electric vehicle policy announced by the Telangana government, PURE EV Co-Founder and Chief Executive Officer Mr Rohit Vaderia on Friday said it would make the state an attractive EV hub.
''The initiatives taken by the Telangana government in supporting the growth of EV industry are laudable'', Mr Rohit said in a statement here.
The policy was well thought out in terms of promotion of manufacturing support for EV companies, he further said the policy would lead to increased acceptance amongst the consumers with the waiver of road tax and registration fees.
Being a Hyderabad based Electric Vehicle and Lithium Battery manufacturing company, PURE EV was strongly committed to make the vision of manufacturing EVs a large scale commercial success, he stated.
''We are also committed to generating local employment and increasing consumer acceptance of EVs with our core research in energy storage technology.
''The TS-iPASS portal is highly streamlined in the matters of permissions and incentives and we laud the government for its exemplary work in creating a supportive ecosystem for the entrepreneurial class'', Mr Vadera added.
Aimed at making the state a preferred manufacturing destination, the government would be providing preferential market access to the companies which establish their manufacturing plants in Telangana.
PURE EV, an electric vehicle vertical of the startup PuREnergy which is incubated out of IIT Hyderabad and manufactures high performance Lithium batteries.
The company has set up a dedicated factory in a built-up area of 40,000 sq.ft. for large scale manufacturing of electric vehicles.
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