Sector Overview
-
3rd
Largest automobile consumer in India by
no of vehicles registered -
Rapidly growing
urban centers posing high demand for automobile in tier 2&3 cities of the State
-
3rd
largest beneficiary
of GOI’s FAME scheme -
Largest SME base
With favorable ecosystem
for automobile & battery manufacturing -
Growing emphasis
on De polluting the
transport system
Key Enablers
- Govt Schemes/ Programmes such as National Electric Mobility Mission Plan (NEMMP) 2020, FAME 1 & 2, 2nd AMP (Automotive Mission Plan) and National Mission on Transformative Mobility & Battery Storage
- 100% FDI allowed through automatic route in automobile sector
- Rapid Transitioning of public vehicles to EVs in UP viz. public buses, Govt office vehicles, etc.
- Special Tariff for EV notified in UP
- Funding under FAME2 for setting up Public Charging Stations in UP
Key Policy Support
Land
Subsidy
Interest
Subsidy
Mobility incentives viz.Road Tax,
Vehicle Registration fees waiver
Capital Subsidy
to Charging Station developers
Key Initiatives
-
700 EV public buses in major cities on routes identified by Urban Development Deptt -
207 charging stations Sanctioned under FAME2 under implementation at UPEIDA & NOIDA through REIL & EESL
Sector Specialist
Raise Query
- INVEST UP
- 4th Floor Block A PICUP Bhawan,
Lucknow, Uttar Pradesh 226010 - +91-522-2720236, 2720238
- info[at]investup[dot]org[dot]in
