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SMEV REPORT
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...- How to negotiate FAME fataleThe government reportedly plans to initiate legal action against electric vehicle (EV) makers who fail to refund incentives 'wrongfully cla...
- 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...
- India's electric 2-wheeler registrations zoom 148% in MayOla Electric retained its top spot with the highest registrations at 28,438 units in May 2023; commanding 27.1% market share, followed by T...
- ETtech Explainer: Why is government’s FAME-II scheme for EV companies likely to be scrapped?Violation of local-sourcing norms by EV makers to avail subsidies under the FAME-II scheme is is one of the key reasons for the government’...
- No end to electric two-wheeler companies' FAME 2 subsidy woesAt least six new CMVR certified electric two-wheeler models of makers such as Hero Electric, Bgauss and others are waiting for months to be...
- Government official dismisses EV lobby claims on FAME subsidyThe Ministry of Heavy Industries last year halted giving sops as part of a EV promotion scheme to multiple companies like Hero Electric and...
- 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...
- Ola Electric sells over 25,000 scooters in DecemberOla Electric said that its market share crossed 30% during the month.
- Festive season not over for EV makers as sales hit top gearIf October set a monthly record of 115,861 EV sales, the numbers this month have already crossed 99,000 units, as per data from government ...
- Electric 2-wheeler sales sustain momentum in NovTotal electric two-wheeler sales, which touched an all-time high of 76,445 units in October, came in only slightly lower at 76,148 units in...
- 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...
- Electric vehicle sales to treble to 8-9 lakh units this fiscal: SMEVAccording to SMEV stats, sales of electric two wheelers, three wheelers, buses, cars and other vehicles almost doubled twice over in the Ja...
- Electric two-wheeler sales more than double in 2021, industry data showAbout 234,000 units were sold during the year compared to just about 100,000 units sold a year ago, according to the Society of Manufacture...
- Electric vehicles to get cheaper in Gujarat as state announces new EV policyThe subsidy will be linked to the battery capacity of the EV at Rs 10,000 per kilowatt-hour and capped at 40% of the price of the vehicle. ...
- Electric vehicle sales tumble by 25% in pandemic-stricken FY21EV sales included about 143,800 electric two-wheelers, which is a decline of 6% over the previous year. Of these, 40,800 were in the high-s...
- 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...
- SMEV welcomes govt plans to install 69,000 EV charging kiosks across India"SMEV welcomes the announcement of setting up charging kiosks at every fuel station. It is a massive initiative that if done quickly and in...
- Electric vehicle sales up 20% in FY20According to data available with industry body Society of Manufacturers of Electric Vehicles (SMEV), this includes 152,000 two-wheelers, 34...
- Automakers test the EV marketMany firms bought into the hype created by govt’s push and media coverage but are keeping investments low.
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