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Cost of FAME 3: Meet local sourcing norms or face penaltyCompanies certifying vehicles for subsidies under FAME 3 - scheduled to be announced in the upcoming budget - will have to undergo a techno...- 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...
- Revolt pays back FAME subsidy with interest to centreRevolt Intellicorp, owned by RattanIndia, has refunded Rs 50.02 crore to the Indian government as a settlement after an investigation found...
- 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...
- Electric two-wheeler sales may miss FY23 target of 10 lakh units by 20 pc: SMEVIn 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers -- Hero Electric, ...
- Electric two-wheeler sales may miss FY23 target of 10 lakh units by 20 pc: SMEVSMEV Director General Sohinder Gill said sales for the nine months of the current FY23 ending December stood at around 5 lakh units and "th...
- EV makers not misappropriating subsidies under FAME scheme, says SMEVThe government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the ...
- Government probes possible misappropriation of incentives by electric vehicle makersComplaints were made against 12 electric vehicle and parts manufacturers, including Hero Electric Vehicles Pvt Ltd and Okinawa Autotech Pvt...
- Salaries head north at all levels as EV companies race for talentSalaries have gone up in all levels as EV manufacturers poach and get poached. They are also hiring from adjacent industries. At the top, s...
- RattanIndia Enterprises jumps 2% as co to mark entry in drone businessThe company has earmarked an initial investment of Rs 100 crore in NeoSky, which will design, manufacture and sell consumer micro drones ac...
- Revolt Motors opens dealership in Vizag; to open outlets in 60 more citiesThe company aims to expand its sales network and strengthen retail presence further by entering 60 other cities in India including Kolkata,...
- TVS Motor-backed EV maker Ultraviolette to set up manufacturing plant in BengaluruSpread over 70,000 square feet of land at Electronics City in Bengaluru, the new plant will have an annual capacity of manufacturing 120,00...
- NBFCs set wheels in motion to fund Bharat's e-rideNon-bank finance companies (NBFCs) dominate the vehicle financing space in semi-urban and rural India, and some of them like L&T Finance an...
- One Electric starts exporting electric motorcycles to Africa, eyes expansionOne Electric has become one of the first Indian electric vehicles (EV) makers to export its vehicles to Africa as deliveries of its flagshi...
- RattanIndia to acquire 43% stake in Revolt for Rs 150 croreThe electric vehicles (EV) maker meanwhile will get much-needed capital to ramp up production and expand sales to more geographies after di...
- Revolt Motors looks to raise $100 million in equity capitalAccording to Rahul Sharma, founder of Revolt, the company has invested Rs 400-500 crore in product development and to set up its manufactur...
- With Revolt, Micromax co-founder Rahul Sharma set to disrupt electric two-wheelerThe fully-electric motorcycles come with features like mobile app connectivity and removable batteries.
- New-age entrepreneurs back govt’s EV plan; old peers oppose itThe support for the move from new-age entrepreneurs have come at a time when veterans have criticised it.
- Micromax’s Sharma gears up to jump on to EV bandwagonThe businessman, who has been studying the electric mobility space for the few years, has invested Rs 500 crore of his personal wealth in R...
- Micromax co-founder Rahul Sharma forays into electric two-wheeler segmentSharma, who is transitioning from mobiles to mobility, has set up Revolt Intellicorp Pvt Ltd.
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