JSW Group to offer incentive worth Rs. 3 lakh to employees for EV purchase
JSW Group has announced that it will give up to Rs. 3 lakh as an incentive to its employees for buying electric vehicles across India from January 1, 2022.
"Aligned with India's Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA), Mumbai-based multi-billion-dollar conglomerate The JSW Group has unveiled their latest Green initiative JSW Electric Vehicle (EV) Policy for its employees across India," the company said in a declaration.
The company claimed that it is a first-of-its-kind initiative by any major Indian corporate entity.
The new EV policy will enable up to Rs. 3 lakh incentive for employees to purchase electric vehicles - four and two-wheelers. The policy aims to encourage the adoption of electric vehicles across the group, it said.
Apart from financial incentives, free-of-cost dedicated charging stations and green zones (parking slots) for electric vehicles will be provided at all JSW offices and plant locations for employees, it notified.
Sajjan Jindal, Chairman, JSW Group, stated, "Since the Prime Minister announced at Glasgow COP26 meeting that India strives to reach net-zero carbon emissions by 2070, JSW Group's new EV Policy is a unique initiative leading to increased adoption of EVs in India and enabling access to green mobility."
