Telangana’s IT and Industries Minister KT Rama Rao said the state was able to attract investment of Rs.5,600 crore in the electric vehicle (EV) sector over the past year. year and generated 3,800 direct jobs and more than 7,000 indirect jobs. The state introduced an EV policy in October 2020 offering various benefits to vehicle manufacturers and buyers.

Giving details on the progress of the electric vehicle sector to the State Legislative Council on Friday, the minister said to encourage research and manufacture of electric vehicles, the government has granted discounts on electricity tariffs, subsidies on capital and transport, among other benefits. Exemption from registration fees has also been granted to various categories of three-wheelers, rickshaws, mid-size electric utility vehicles and electric buses.

The government has established two industrial hubs in the villages of Chandanvelli and Sitarampur in Shabad mandal in Ranga Reddy district and a new energy park at Divitipally in Mahbubnagar on 340 acres. “We have sent an application to the Center to approve the park under the Electronic Manufacturing Cluster 2.0 to obtain additional grants for investors,” KTR said. Another electric vehicle manufacturing cluster – NIMZ is being developed in Zaheerabad.

More than 1,000 electric buses manufactured by Olectra Greentech circulate in the country. The company has established a manufacturing unit in Chandanvelli while another company invests in the manufacture of electric buses in Chandanpur and Sitarampur. Representatives of an American company visited the Zaheerabad cluster this week to set up a truck and car manufacturing unit. Several start-ups are also setting up their units. Besides companies, the Automotive Search Association of India is also setting up a laboratory for the issuance of EV pre-certificates.

Discussions were underway with foreign mining exploration companies to procure lithium-ion, which is crucial for manufacturing batteries, the minister said, adding that more than 6,311 different categories of electric vehicles have been sold so far. ‘now. TSRTC operates 40 electric buses from Shamshabad Rajiv Gandhi International Airport (RGIA) to various locations in the city. The department has installed 111 charging stations at 98 locations.

Another 118 stations in Hyderabad and 10 in Karimnagar and Warangal would also be set up shortly. The Telangana State Renewable Energy Development Corporation (TSREDCO) is setting up 600 charging stations in PPP mode. The transport department has also set up an initiative to encourage 500 women entrepreneurs by offering electric rickshaws. To encourage farmers, a 100% road tax and registration exemption is offered on the electric vehicles they buy, he said.

All forms of government vehicles including vehicles under Crown corporations, boards of directors and government ambulances, etc. will be converted to electric vehicles by 2024, according to the state’s draft electric vehicle policy.

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