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Rajasthan Chief Minister Ashok Gehlot on Tuesday approved the Rajasthan Electric Vehicle Policy (REVP).To incentivise the purchase of such vehicles, an additional budget provision of Rs 40 crore has been approved for the proposed lumpsum .
Rattanindia Enterprises hit an upper-circuit of 5% at Rs 55.40 after the Rajasthan government announced incentives for adoption of electric vehicles in the state.RattanIndia s RevoltMotors, India s market leader in electric motorbikes, welcomed the Rajasthan Electric Vehicle Policy 2021 announced by the state.
In the backdrop of other states recently coming up with incentives for adoption of electric vehicles, Rajasthan alsoannounced its EV policy whereby customers of electric two wheelers will get incentives based on battery capacity of vehicle. With battery capacity of 3.24KWh these incentives for Revolt bikes work out to Rs 10,690 per bike. This includes refund of State GST amounting to 2.5% of the vehicle cost.