South Korean media: Tata, Mahindra and other Indian automobile manufacturers unite to oppose the expansion of hybrid vehicles! On June 22, South Korean media "Today Finance" published an article stating that major electric vehicle manufacturers in India have begun to block the government's actions to expand the popularity of hybrid vehicles. Tata Motors, Mahindra and other Indian automotive companies have collectively expressed opposition and requested that the Indian government maintain a policy focus centered on pure electric vehicles. Recently, Tata Motors, Mahindra, Hyundai Motor, Kia and other companies have expressed opposition in a letter to the Ministry of Heavy Industries, opposing the decision to include hybrid vehicles in the government procurement scope. These companies believe that due to their reliance on internal combustion engines, incentive measures for pure electric vehicles by the Indian government should be maintained. This controversy began when the Air Quality Management Committee in India recommended on May 2nd to categorize hybrid vehicles as "clean vehicles" and proposed introducing them into government vehicles. The automotive industry opposed this, stating that it could disrupt the expansion of pure electric vehicle supply. Mahindra stated, "The policies and incentives of the Indian government should focus on pure electric vehicles," while Tata Motors said, "This measure may have a negative impact on current and future pure electric vehicle projects." They also expressed concern that this recommendation might affect India's "investment-friendly image." According to government statistics, among the 847,000 vehicles owned by the Indian government as of 2022, only about 5,300 are electric vehicles, which is less than 1%. Electric vehicle manufacturers believe that if hybrid vehicles are included in the government incentive program, it could cause confusion among consumers, businesses and investors, thereby limiting the growth of the pure electric vehicle market. In the letter, Tata Motors stated, "Lack of consistency and predictability in policies, especially in the capital-intensive and technology-intensive electric vehicle industry, may lead to long-term investors withdrawing funds." Previously, Tata had received $1 billion in investment from private equity company TPG for its electric vehicle business. Mahindra received investment from Singapore's sovereign wealth fund Temasek, and Hyundai Motor also plans to invest more than $500 million in India's electric vehicle market. Credit rating agency Moody's predicts that by 2030, the Indian auto industry will invest more than $10 billion in lithium-ion batteries and electric vehicle production. However, compared to China, Europe, and the United States, the adoption rate of electric vehicles in India remains relatively low. Original source: https://www.toutiao.com/article/1835620978518208/ Disclaimer: This article represents the views of the author alone.