We reckon that this would be a priority for the transport ministry , as it involves additional value for the rakyat, who may then react with anger and complaints. It won’t be an excellent move from a political perspective – very comparable to eradicating blanket gasoline subsidy – however for progress to be made, the government of the day must take a hit. At least there are not any plans to introduce JPJePlate for bikes. Buried deep in the FAQ part for enterprise companions, JPJ says that there will be a day when all EV homeowners will have to make the swap to JPJePlate.
Aggarwal informed the gathering that the Indian automotive industry has crossed a landmark determine of Rs 20 lakh crore in FY24 and is contributing virtually per cent of the total GST collected within the country. Over the final two decades explanation or so, the trade has grown by 17 per cent CAGR. Speaking at the session, Automotive Component Manufacturers Association President Shradha Suri Marwah mentioned the trade is trying ahead to the third model of the automotive mission plan.