India's EV transition needs a China-style ecosystem push; scale, policy, charging infra boost: NomuraIndia's transition to electric vehicles (EVs) will depend critically on how quickly it can build out a robust charging ecosystem, with infr...
Trump-Tehran, EVangelist for Us – time to charge the battery techEven as conflict and chaos linger in West Asia, India is witnessing a happy confluence of choice, cause and cost. This is a once in a lifet...
SFIO holds search operations at Hero Electric, other cos for fraudulent availing of subsidies worth Rs 297 crores under FAME IIThe SFIO has conducted searches at Hero Electric, Benling India, and Okinawa Autotech for fraudulent subsidy claims worth Rs. 297 crores un...
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...
EV Industry seeks incentives, funds for infrastructure, tax rationalisation from BudgetFinance Minister Sitharaman's budget preparation raises EV sector optimism. Expected measures include FAME-3, charging infrastructure funds...
Government EV push, FAME II ending March 31st 2024, FAME III likely in main budget in JulyIn the Interim budget of this year, finance minister has allocated Rs 2671.33 crore for FAME III scheme but details of it is likely to be a...
Centre hikes FAME II allocation, scheme valid till March-endSubsidies for electric two, three, and four wheelers has been revised to Rs 7, 048 crore, of which Rs 5,311 crore is for electric two-wheel...
India to soon unveil new scheme to incentivise EV purchases, expand charging infraOfficials in the Ministry of Heavy Industries (MHI) said on Friday that the allocation of ₹2,671.33 crore under the Faster Adoption and Man...
What electric two-wheeler makers need from BudgetThe Indian EV market continues to expand with rising sales of electric two-wheelers (E2W). E2W sales in FY23 nearly tripled compared to FY2...
India's electric two-wheeler sales surge 34.42% in Q3 FY 24, anticipation high for FAME III schemeIndia's electric two-wheeler market has seen a significant sales increase in Q3 FY 24 compared to Q2 FY 24, indicating robust growth. There...
Budget 2024: From FAME extension to tax cut, what EV sector expects from FM SitharamanWhile 2023 was an encouraging year for EVs in terms of sales volume, industry stakeholders expect the government to give the segment a boos...
Indian EV industry looks to tweak products, prices to stay fitLeading electric two-wheeler players are understood to be rejigging their products by launching lower-spec variants by reducing features an...
Not just driving EVs but mobility at largeAggregation of demand will have a beneficial impact on emissions and fuel demand (road transport accounts for 90% of the sector's energy us...
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...
Government to rework FAME-II sops to fix loopholes in EV policyThe scheme is being altered to fix loopholes in how companies availed of its incentives, multiple sources aware of the matter told ET.
FAME-2 portal down for maintenance since March 21, claims may get delayedAccording to the FAME-2 website, the portal is upgraded now. But it is held back for testing and to monitor and fine-tune the server perfor...
India could achieve high penetration of EV by 2030: Niti ReportThe report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.