Wednesday, 11 Nov 2026 Breaking: Three Baloch men allegedly forcibly disappeared by Pakistani forces; VBMP protest enters 6,415th day
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

Finance Ministry makes EVs default choice for govt staff cars, doubles purchase price ceiling to Rs 20 lakh

Finance Ministry makes EVs default choice for govt staff cars, doubles purchase price ceiling to Rs 20 lakh

New Delhi [India], November 11 (ANI): The Ministry of Finance has made electric vehicles (EVs) the default choice for government staff cars and raised the purchase price ceiling for such vehicles to Rs 20 lakh, compared with Rs 10 lakh for petrol, diesel and hybrid vehicles.
According to an Office Memorandum issued by the Department of Expenditure on Tuesday, central government ministries and departments will now be required to give preference to electric vehicles when replacing their existing conventional staff cars.
"EVs shall be the default and preferred choice for procurement," the memorandum stated.
Under the revised instructions, the Net Dealer Price (NDP) ceiling for procurement of electric staff cars has been fixed at Rs 20 lakh, while the ceiling for Internal Combustion Engine (ICE) vehicles, including petrol, diesel and hybrid vehicles, remains Rs 10 lakh.
The Finance Ministry said the changes have been introduced to promote electric mobility, reduce dependence on fossil fuels and account for prevailing market prices and the overall cost of operating vehicles over their lifespan.
However, the revised instructions do not completely prohibit the purchase of conventional vehicles.
According to the memorandum, ministries and departments can seek permission to purchase petrol, diesel or hybrid vehicles if they find electric vehicles impractical for their requirements.
Such proposals must be supported by proper justification and submitted to the Department of Expenditure for relaxation on a case-by-case basis.
The proposal must also have the approval of the Secretary of the concerned ministry or department and the concurrence of its Financial Adviser.
The department further clarified that the existing instructions issued on September 1, 2022, mandating the hiring of electric vehicles by government departments will continue to remain in force.
Departments seeking to hire conventional vehicles will also have to obtain approval through the same process.
The latest memorandum partially modifies the September 2022 guidelines governing the procurement and hiring of government staff cars.
The ministry said all other conditions relating to entitlement, procurement and hiring of staff cars will remain unchanged, and purchases will continue to be governed by the General Financial Rules, 2017.
The revised instructions have come into force with immediate effect. (ANI)

Tags

Related News

One Industry, One Fair: Miff 2027 Unites Malaysia's Furniture Industry with Matrade, Mfa, and Mfc
Business
One Industry, One Fair: Miff 2027 Unites Malaysia's Furniture Industry with Matrade, Mfa, and Mfc

<p>PRNewswire<br/>Kuala Lumpur [Malaysia], November 11: The Malaysian International Furniture Fair (MIFF), Southeast Asi...

India, Norway explore joint projects to convert industrial waste into construction materials
Business
India, Norway explore joint projects to convert industrial waste into construction materials

<p>New Delhi [India], November 11 (ANI): India and Norway are exploring joint research and technology projects to conver...

Mother Dairy, Amul likely to hike milk prices by up to Rs 6 per liter from November 12: Sources
Business
Mother Dairy, Amul likely to hike milk prices by up to Rs 6 per liter from November 12: Sources

<p>New Delhi [India], November 11 (ANI): Consumers will have to pay more for milk as leading dairy brands Mother Dairy a...

Andhra Pradesh expects Rs 11 lakh crore investment, 2.5 lakh jobs from 31st CII Industrial Summit: TDP State President 
Business
Andhra Pradesh expects Rs 11 lakh crore investment, 2.5 lakh jobs from 31st CII Industrial Summit: TDP State President 

<p>New Delhi [India], November 11 (ANI): Andhra Pradesh anticipates drawing investments worth roughly Rs 11 lakh crore a...

Mogg’s Estates Marks Six Years with a Team Celebration at Terrahill, Kunigal
Business
Mogg’s Estates Marks Six Years with a Team Celebration at Terrahill, Kunigal

<p>PNN <br/>Bengaluru (Karnataka) [India], November 11: Mogg’s Estates celebrated its sixth anniversary with an overnigh...

From Gen Z to Older Investors, Mutual Fund SIPs Find Their Place Across Age Groups
Business
From Gen Z to Older Investors, Mutual Fund SIPs Find Their Place Across Age Groups

<p>VMPL<br/>New Delhi [India], November 11: At an Indian family gathering, conversations about money can sound quite dif...