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ATHER FAME RULES
Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.- Ather Energy defers Rs 26 crore PM E-DRIVE claims amid magnet shortageAther Energy has postponed Rs 26.2 crore in claims under the PM E-DRIVE scheme for 52,500 scooters due to a global shortage of rare earth m...
- 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...
- FAME Scheme Violation: Govt starts reinstating subsidies to EV makers that paid FAME penaltiesThe government reinstated subsidies for companies following stricter localization rules under EMPS, 2024. Revolt Motors and Greaves Electri...
- Ather raises Rs 900 crore from Hero MotoCorp, Singapore’s GICET had reported on Monday that the Hero MotoCorp board had passed a resolution to invest Rs 550 crore in the firm via Series E2 compulsory ...
- Smartwatch makers wage price war; govt asks global IT hardware firms to up local value additionAs the market share battle heats up for the smartwatch segment in India, domestic startups in the space have begun resorting to price as a ...
- FAME scheme: What is it, and what's all the brouhaha?The Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) subsidy scheme was introduced by the Indian government ...
- What’s next for Indian electric two-wheeler makers; and other top stories this weekThe market landscape and dynamics have changed in the past year amid the government’s investigations against electric two-wheeler manufactu...
- SVB meltdown: US regulators to protect all depositors, EV makers questioned about mispricing productsIndian startups have been adversely affected by these developments, with a particular impact on those in the software-as-a-service (SaaS) i...
- 'Government should cut subsidies on e-bikes in phased manner'Ather Energy chief business officer Ravneet Phokela told ET. It will take about 2-3 years for original equipment manufacturers in the elect...
- EV companies meet officials to explain FAME-II mispricing allegationsGovt may pull the plug on EV subsidy scheme even as industry seeks an extension.
- Stalled FAME subsidy slows growth in electric 2-wheeler salesAccording to industry estimates, subsidy payments of Rs 1,100 crore under the FAME scheme have been held back by the government. Industry e...
- How Rs 34 trillion lithium find could shape India's EV storyThe recent lithium discovery is classified as G3. Further exploration, a detailed mapping including geochemical and geophysical surveys and...
- Ola shifts gears: S1 Air delivery put off to July; EV firms under government scannerThe delivery of Ola Electric’s cheapest scooter S1 Air will now start in July only, a delay of three months. The gap comes even as EV manuf...
- Budget 2022-23: EV firms seek inclusive PLI scheme, edtech firms want a tax cutEV and mobility startups want the government to make its production-linked incentive (PLI) scheme more inclusive and reduce the GST on elec...
- ET Startup Awards 2021: All the detailsThe seventh edition of ET Startup Awards—the most prestigious recognition for Indian entrepreneurs—kicked off earlier this week to capture ...
- ETSA 2021: Best on Campus and Comeback Kid; Ola scooters spark price warToday we bring to you the contenders for another two important categories -- Best on Campus and Comeback Kid.
- Paytm staff eye IPO bonanza; Ola unveils electric scootersEmployees of Paytm are looking to convert their ESOPs ahead of an IPO slated for November this year. Ola has launched its electric scooter ...
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