2024 Budget: Sitharaman almost halves FAME allocation, no GST relief for EV industryBudget 2024: In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman nearly halved the FAME scheme allocation to Rs 2,671.33 crore...
Budget impact: Automobile companies need to rely more on PLI subsidy as FAME subsidy takes a tollThe central government has cut the allocation for the Faster Adoption of Manufacturing of Electric Vehicles in India (FAME) by 44% to Rs 2,...
Will Union Budget 2022 provide much-needed booster shot to auto industry?The industry would naturally expect certainty in the tax and regulatory policies, and their interpretation. While in the recent past, there...