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SMEV SUBSIDIES
SMEV seeks clarity from MHI regarding refund of subsidiesThe Society of Manufacturers of Electric Vehicles (SMEV) has requested clarifications from the Ministry of Heavy Industries regarding the r...- Seven electric two-wheeler firms suffered over Rs 9,000 crore loss after Centre stopped subsidies, says SMEVSeven electric two-wheeler companies in India have collectively lost over Rs 9,000 crore ($1.2bn) in unpaid dues and market loss after thei...
- MHI subsidy U-turns may slow EV adoption: Industry groupStartups are being “punished,” with four of the top EV producers since 2018- 2020 being now relegated to the bottom four, the Society of Ma...
- EV makers body petitions NGT for green tax on fuel-based 2-wheelersThe Society of Manufacturers of Electric Vehicles has petitioned India's National Green Tribunal against the government's move to cut subsi...
- SMEV seeks Rs 3,000 crore rehabilitation fund to revive ops of electric two-wheeler makersThe Society of Manufacturers of Electric Vehicles (SMEV) has requested that the Indian government create a 3,000 crore rupee fund to help r...
- EV industry body seeks Parliamentary panel's intervention in release of pending subsidiesThe industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.
- Green shift: Electric vehicle sales cross 1-million mark in FY23The industry registered sales of 1,152,021 electric vehicles, which include buses, cars, three-wheelers and two-wheelers running on the ele...
- Electric two-wheeler sales in India rise over two-and-half fold to 8,46,976 units in FY23: SMEVSales of electric two-wheelers in India surged to 8,46,976 units in 2022-23, a more than two-and-a-half-fold increase from the previous yea...
- 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...
- EV industry seeks extension of subsidies under FAME-II in BudgetThe Society of Manufacturers of Electric Vehicles (SMEV) has sought an extension of subsidies for EVs under the FAME-II scheme, reports sai...
- 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...
- Subsidy worth Rs 1100 crore blocked by Heavy Industry Ministry: EV lobbySMEV alleges that the Rs 1100 crore held back by the Heavy Industries Ministry has already been disbursed to consumers under the Faster Ado...
- Electric vehicle lobby writes to parliamentary committee against fraudulence allegationsThe lobby, Society of Manufacturers of Electric Vehicles (SMEV), in its petition to the parliament standing committee on electric and hybri...
- Budget FY23: EV makers seek incentives for exports, PLIs to small playersThe Society of Manufacturers of Electric Vehicles (SMEV) has requested the Centre to provide some incentives -- in the form of subsidies --...
- Electric two-wheeler sales contract 5% in 2020, prompt industry to ask for changes in EV policySMEV has pointed at inadequacies in the centre’s Faster Adoption and Manufacture of Electric and hybrid vehicles (FAME-India) scheme for la...
- Without FAME, e-bike sales see a sharp fallIn the June quarter, only 1,700 electric two-wheelers manufactured under FAME-India were sold compared with 30,000 units in the correspondi...
- Electric Vehicles body seeks to delink localisation from subsidy incentivesBesides, for availing incentives, the manufacturer would have to have minimum 50 per cent local content in the vehicle.
- Punjab green drive needs incentives, SMEV suggests to Punjab CM Amarinder SinghSMEV was the main stakeholder in launching FAME Scheme also worked with state bodies like DPCC (Delhi), GEDA(Gujarat) for making pollution ...
- SMEV seeks tax incentives, other financial support in BudgetSohinder Gill, Director Corporate Affairs, SMEV said the industry is currently moving at a "snail's pace" and is far from the target of 6-7...
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