Budget 2022 has brought cheers for Naduselectric vehicleIndustry which, with Rs 15,000 crore Investment, is the largest EV cluster in India. With the finance minister announcing abattery swapping policyfor setting up charging Infrastructure and interoperability standards, TNs EV hub in Hosur should attract incremental investments, say industry experts.
SUN Mobility chairman Chetan Maini said thebattery swappingpolicy will accelerate penetration of EVs. There are some 50 companies working in the battery swapping spaceOEM, battery companies, swapping operators, OMC, energy companies, mobility solution companies and tech companiesand the new policy framework will accelerate investments in hubs like Tamil Nadu, he said.