The Federation of Indian Mineral Industries (FIMI) has urged the government to offer a subsidy of ₹10,000–15,000 per kWh on electric Heavy Earth Moving Machinery (HEMM), citing steep costs as a key hurdle to adoption, ET reports.
“Electric HEMMs are priced nearly three times higher than diesel models, making them economically unviable for most operators,” the industry body said in a new report.
To further ease the transition, FIMI also recommended a uniform 5per cent GST on retrofit kits used to convert diesel trucks to electric. Currently, these kits are taxed by individual components, often attracting GST rates over 18per cent.
The proposals aim to support India’s push towards cleaner industrial practices and reduce dependence on fossil fuels.
.