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Budget: Battery swapping policy, interoperability to boost EV ecosystem, says industry

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Budget: Battery swapping policy, interoperability to boost EV ecosystem, says industry

Finance Minister Nirmala Sitharaman said on Tuesday that the government will introduce a battery replacement policy to boost the electric vehicle (EV) ecosystem. However, when it comes to buying electric vehicles, the budget doesn’t mention the availability of ease financing, which is the industry’s biggest demand for that budget.

“The policy is being introduced given the space constraints for setting up charging stations in urban areas,” Sitharaman said in her Budget 2022-23 speech. FM also said that the government will develop interoperability standards.

For the past few weeks, EV players have been saying that the government could consider including EVs in priority lending to help citizens buy EVs at lower interest rates. In a recently released report, government think tank Niti Aayog has said that the electric vehicle financing market for banks and non-banking financial companies (NBFCs) could reach Rs 40,000 ($5 billion) by 2025 and Rs 370,000 by 2025 ($50 billion). 2030.

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Plug Mobility founder Rajiv K Vij said there were some good announcements in the budget to promote electric vehicles by promoting charging infrastructure and standardizing battery specifications for exchange and interoperability.

“However, the budget misses a major challenge to EV adoption – fleet owners who have suffered huge losses during the pandemic desperately need financing for their fleets and government credit guarantees. The commercial vehicle industry is ready to transition to EVs, but Without easy financing at low cost, this will be further delayed,” Viz said.

According to Rajeev Singh, partner and head of the automotive industry at Deloitte India, the budget also fails to address some of the pressing issues facing the industry – such as lack of direct incentives to drive consumption/demand, lack of EV charging infrastructure and rising commodity prices.

The budget barely mentions demand from the traditional (gasoline/diesel) automotive industry, especially in the two-wheeler segment, which is at an all-time low. The industry wants the government to cut the GST rate on two-wheelers to 18% from 28% to boost demand.

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Meanwhile, Sohinder Gill, director-general of the Society of Electric Vehicle Manufacturers (SMEV), said the introduction of a battery replacement policy would incentivize businesses in the business of delivery and ride aggregation to incorporate EVs into their fleets. Samrath Kochar, CEO and founder of battery maker Trentek, said an interoperable battery replacement policy would help ease range anxiety and make EVs comparable to ICE vehicles in the time it takes to refuel. “

Complete News Source – THE NEW INDIA EXPRESS

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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