The 'OSM Stream City Qik' EV, priced at Rs 3,24,999, boasts the remarkable capability to charge from zero to 100 percent in just 15 minutes.

"To further accelerate efforts toward carbon neutrality and zero traffic-accident fatalities, it will be essential to strengthen environmental and electrification technologies as well as software development," a joint statement said.

Under the scheme, a subsidy of Rs 10,000 per electric 2-wheeler will be provided, with the aim of extending support to approximately 3.3 lakh 2-wheelers. Small electric three-wheelers, including e-rickshaws and e-carts, will receive a subsidy of Rs 25,000 per vehicle, benefitting over 31,000 such vehicles.

The Economic Advisory Council to the PM (EAC-PM) has put forward a groundbreaking proposal aimed at accelerating the adoption of electric vehicles (EVs) in India. The proposal suggests the introduction of a transferable mandate, mandating a certain percentage of vehicles manufactured to be electric.

The talks unfolded during a meeting held on February 24 between Gautam Adani, Chairman of the Adani Group, and Uber CEO Dara Khosrowshahi, who is currently visiting India. Sources suggest that the discussions encompassed the integration of Adani's electric cars into Uber's ride-hailing service, potentially under Adani One, the conglomerate's umbrella brand launched in 2022.

BYD, which stands for "Build Your Dreams," began its journey as a battery manufacturer before venturing into the realm of electric cars. Despite initial skepticism and ridicule from industry experts, the company persevered, steadily refining its technology and design.

The uncertainty arises amid reports suggesting a potential new policy that could lower import taxes on EVs for manufacturers committed to local production. Rajesh Kumar Singh, a high-ranking official at the Department for Industry and Trade Promotion, stated that Tesla might target a market range of $24,000 to $36,000 for its cars in India, focusing on the segment with the most significant volume potential.