Vedanta releases policy on electric vehicles for employees

21 Dec 2022 , 11:58 AM

As part of its commitment to achieving net-zero carbon emissions by 2030, the firm has promised that all of its light motor vehicles will be completely decarbonized.

According to the corporation, bonuses ranging from 30 to 50% will be given to different employee grades.

The EV Policy will be in place for automobiles purchased starting this month.

According to Sunil Duggal, group CEO of Vedanta Ltd who talked to ET, the policy will encourage staff EV adoption and foster a shift in employees’ perspectives that will support India’s quest for sustainable transportation.

The internationally diversified natural resources company intends to invest USD 5 billion over the next ten years to hasten the transition to zero carbon emissions by 2050 or earlier.

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