PTI cited Heavy Industries Minister Mr Anant Geete as saying that the government will release in the next two months the draft of a new auto policy aimed to address issues faced by the industry in the wake of emergence of new technology such as EVs and demand for eco-friendly mobility. Speaking at the inauguration of the 14th Auto Expo, the minister said suggestions from all stakeholders will be taken in order to come up with an industry and consumer-friendly policy.

Mr Geete said though the first phase of FAME scheme is coming to an end in March, efforts are on for its continuation in second phase and how to make it even more successful.

Responding to demand from industry to rectify taxation issues on different categories of vehicles, Mr Geete said his ministry has been getting several representations from the industry and the new auto policy will look to address those concerns.

He said that the new auto policy will be a fool-proof, industry and consumer friendly one.

He added that "While framing the policy we will take suggestions from industry bodies like SIAM and ACMA," adding changes in taxation as demanded by the industry would be covered.