Electric vehicles (EVs) may be the flavour of the season, but city gas distribution (CGD) companies are racing ahead with their expansion plans. Mumbai-based Mahanagar Gas Ltd (MGL) is planning to spend ₹800 crore this financial year, Gujarat-based Torrent Gas over ₹3,500 crore and Delhi-based Indraprastha Gas Ltd ( IGL ) will spend ₹1,200 crore on expanding their capacities. Except for two-wheelers, I do not see EVs making a big dent in any other segment," said Jinal Mehta, director, Torrent Gas. Maharashtra launched its EV policy in July and will offer subsidies to the first 100,000 buyers of electric two-wheelers for up to ₹5,000 per kWh of battery capacity. The state expects electric two-wheelers to account for 10% of all new vehicle registrations by 2025.

Source: Mint August 15, 2021 18:33 UTC