The price of EVs & registration renewal for green cars is soon to get cheaper in India. The Ministry of Road Transport & Highways, India has issued a draft notification proposing to spare Battery-Operated Vehicles (BOV) from payments for the issue or renewal purpose of Registration Certificate (RC) & assignment of the novel registration mark.
- Issued draft notification on 27 May
- Open to comments from shareholders & the public for 30 days
The Draft Notice
Not much information has been given in the draft notification aside from an additional line in Rule 81 of the Indian Central Motor Vehicles Rules, 1989. The notification quotes provided further that, for BOV as defined in rule 2(u), the objects given at Sl. no. 4 of the below-mentioned TABLE shall be spared from fee payments for the issue or renewal purpose of registration certificate & assignment of the novel registration mark.
Rule 2(u) describes a BOV as a vehicle modified for use upon roads & powered exclusively using an electric motor whose transaction energy is provided solely by a traction battery installed in the car with certain exemptions.
Rule 81 pertains to several fees chargeable to car owners ranging from renewal & grant of trade certificates for cars to transferring ownership, registration certificates & more. Sl. No. 4 within Rule 81 in specific business with the fees chargeable for the renewal & issue of registration certificate & assignment of the novel registration mark for all vehicle categories.
Electric Vehicles in India
EVs are slowly initiating to catch up on the Indian market with more huge market brands such as MG, Tata & Hyundai having launched products in this space for the past few years. For a few years now, Tata marketed the Tigor EV to ad & private buyers, with the Nexon EV being added to the line-up in early 2020. Hyundai launched the Kona Electric in India higher up the segment back in 2019, with MG's full-electric ZS EV arriving in early 2020.
The MG electric SUV also received an update this year to bring a novel battery pack & increased ground clearance. Jaguar & Mercedes Benz, on the luxury side of things, have introduced EVs from their global market, the I-Pace & EQC, respectively, to India, with Audi expected to join the segment with their e-Tron SUV.
Image credit: Hyundai