India’s EV startups are at a 13-16% cost disadvantage: Ather CEO

Ishaan Mukherjee, Published on Apr 30th, 2026

India’s EV startups are at a 13-16% cost disadvantage: Ather CEO

Ather Energy CEO Tarun Mehta criticised the government’s production-linked incentive scheme for automobiles. He said the scheme puts emerging EV makers at a "13-16% cost disadvantage", despite investing heavily in capacity building. Under current norms, original equipment manufacturers must report at least ₹10,000 crore in global manufacturing revenue to qualify for the incentive.

Read Full Article ...

© yugma 2026

Google Play and the Google Play logo are trademarks of Google LLC.

Apple and the Apple logo are trademarks of Apple Inc.