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AMO MOBILITY
Ola Electric slips out of top five in February market share; shares hit all-time lowOla Electric has fallen out of the top five in India’s electric two-wheeler market, after being overtaken by Greaves Electric Mobility in F...- What sparked a revolution now struggles for traction: Ola's cautionary taleOla Electric faces challenges with financial losses and regulatory scrutiny. Maharashtra government ordered closure of many showrooms. Sale...
- FAME fallout hits EV makers; Tête-à-tête with TCS CEOHappy Monday! Electric two-wheeler makers are reeling from the FAME subsidies crackdown. This and more in today’s ETtech Morning Dispatch.
- Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapseElectric two-wheeler makers penalised for FAME-II subsidy violations have experienced a significant sales decline, with smaller players str...
- Accelerating towards tomorrow: India’s electric vehicle revolutionGovernment initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiv...
- Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes, say officialsThree electric vehicle makers, Hero Electric, Okinawa, and Benling India, face blacklisting from central schemes for not returning wrongly ...
- Support to three EV 2-wheeler makers may be restoredThe government after an initial probe into violation of vehicle localisation norms mandated under the Faster Adoption & Manufacturing of El...
- AMO Mobility launches high-speed smart electric scooter Jaunty i Pro at Rs 1.15 lakhAMO Mobility's Jaunty i Pro, priced at INR 1.15 lakh, offers 120 km range, 3 speed modes, and advanced safety features, aiming to drive ele...
- Govt may slap recovery suit on 3 companies to get back FAME subsidyThe Centre is considering legal action against Hero Electric, Okinawa Autotech, and Benling India for not repaying the subsidies they wrong...
- Hero Electric taps investor GII, credit funds to raise ₹550 crThe development comes at a time when Hero Electric has been facing pressure on operations with the Ministry of Heavy Industries stalling di...
- Greaves Electric offers to pay ₹125 crore for flouting FAME subsidy normsGreaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India s...
- Govt exploring legal options against electric 2-wheeler cos for not complying with FAME II normsThe Indian government is considering legal action against seven electric two-wheeler companies for not complying with the FAME II scheme no...
- Return subsidy or face legal action, govt tells EV makers; Bob Iger spell yet to work at DisneyThe government sent recovery notices totalling Rs 469 crore earlier this fiscal year to seven companies — Hero Electric, Okinawa Autotech, ...
- EV companies to return FAME II sops or face legal action after Centre cracks the whipThe Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II s...
- FAME: Govt plans to penalise erring e-scooter companiesA senior government official said debarring these companies from availing government subsidies in the future as well as not allowing them t...
- AMO Electric Bikes launches electric scooter Jaunty Plus; priced at Rs 1.10 lakhThe electric scooter is equipped with features, such as a cruise control switch, an electronic assisted braking system (EABS) and an anti-t...
- AMO Electric to raise $100 mn to expand product range, sales infra next fiscalElectric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new ...
- AMO Mobility plans to raise around $200 million in three years to fund expansionThe funds will be utilised for various business activities, including enhancing production capacity and new product development, AMO Mobili...
- AMO Mobility plans to raise around USD 200 mn in 3 yrs to fund expansionThe fundraising is for investment, company founder Sushant Kumar said, adding that the company is "looking to invest at least 40 per cent o...
- Tech is now at the forefront of a dynamic partnership between India & the UK: Amo KalarKalar says 31% of Indian investments in the UK are in tech; creating 33,000 out of 110,000 jobs. The UK exported £344m of digital services ...
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