TL;DR
Bajaj Auto's MD has raised concerns about the impending failure of Maharashtra's EV policy due to significant delays in subsidy disbursements, with political blame being exchanged.
Rajiv Bajaj, the Managing Director and CEO of Bajaj Auto, has voiced strong concerns regarding the potential 'failure' of Maharashtra's electric vehicle (EV) policy. In an interview, Bajaj indicated that he had never witnessed such a policy failure in his 35-year career, specifically highlighting the dramatic slowdown in EV subsidy disbursements in the state since April 2023.
Shiv Sena (UBT) leader Aaditya Thackeray responded to Bajaj's comments, attributing the policy's collapse to the current BJP-led government. Thackeray stated that the EV policy of 2021, introduced by the Maha Vikas Aghadi government, was initially dynamic and boosted the sector, but its effectiveness has since diminished. The delays in subsidy payments are reportedly affecting a significant portion of the EV industry in Maharashtra.
