India, April 29 -- The Government of India has issued a release:
During the meeting, critical interventions for EV financing were discussed to address financing challenges in the adoption of e-Buses and e-Trucks by private sector stakeholders. Key support mechanisms under consideration included Partial Credit Guarantee schemes to de-risk lending by financial institutions, as well as Interest Subvention mechanisms aimed at reducing the cost of borrowing for private sector buyers.
Public transport, particularly buses, forms the backbone of mobility across India, while trucks play a critical role in freight movement by carrying a substantial share of domestic goods. At the same time, the commercial vehicle segment contributes significantly t...