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FAME SUBSIDY NEWS
FAME fallout hits EV makers; Tête-à-tête with TCS CEOHappy Monday! Electric two-wheeler makers are reeling from the FAME subsidies crackdown. This and more in today’s ETtech Morning Dispatch.- EVs need incentive fuel to race against ICE as Ola, Bajaj & TVS have a different road aheadThe electric two-wheeler market in India is growing rapidly, accounting for 55% of total EV sales. However, the industry relies heavily on ...
- Ola working on solid-state batteries, okay with govt tapering off EV subsidiesOla Electric, led by Bhavish Aggarwal, revolutionizes electric vehicle batteries with cutting-edge technology. Partnering with Beijing Weli...
- General Catalyst-Venture Highway deal; Sebi clears Ola Electric IPOSilicon Valley investor General Catalyst has acquired Indian early stage fund Venture Highway. More on this in today’s ETtech Top 5.
- Tata Digital’s new team; Pine Labs’ India reduxTata Digital chief executive Naveen Tahilyani has restructured the leadership team for the Neu super app. This scoop and more in today’s ET...
- Bajaj Auto’s Rakesh Sharma on export recovery, EV launches & moreRakesh Sharma of Bajaj Auto discusses exports progress, key markets, domestic growth, and EV strategies. Emphasizing Chetak and Pulsar bran...
- Budget 2024: FAME subsidies slashed by more than 44 per cent. What it means for EV buyersThe Interim Budget 2024 was presented by Finance Minister Nirmala Sitharaman. The budget did not mention the FAME III scheme and instead re...
- IT ministry plans regulations to tackle deepfakes; data breach at Tata-owned hospitality firmThe government will come out with a new set of rules and regulations to tackle the growing menace of deepfake technology, IT minister Ashwi...
- Return subsidy or face legal action, govt tells EV makers; Bob Iger spell yet to work at DisneyThe government sent recovery notices totalling Rs 469 crore earlier this fiscal year to seven companies — Hero Electric, Okinawa Autotech, ...
- Sales of electric two-wheelers more than doubled in MayThe Centre has raised the funding support for electric buses and two-wheelers but slashed the subsidy for three-wheelers, as part of a reji...
- Swiggy says food-delivery arm profitable sans Esop costs; Infy slashes variable pay to 60%Amid the dark clouds of sharp valuation markdowns for tech companies, Swiggy's CEO Sriharsha Majety announced that its food-delivery busine...
- What’s next for Indian electric two-wheeler makers; and other top stories this weekThe market landscape and dynamics have changed in the past year amid the government’s investigations against electric two-wheeler manufactu...
- Ola preparing for world without any subsidies: Bhavish AggarwalIn an interview to ET, Aggarwal said Ola's electric two-wheeler business, which commenced commercial operations in 2021, is ebitda (earning...
- EV makers may legally challenge govt move to withhold FAME subsidyElectric vehicle makers whose subsidies under a Rs 10,000-crore scheme to promote clean mobility have been withheld over allegations of non...
- Ola shifts gears: S1 Air delivery put off to July; EV firms under government scannerThe delivery of Ola Electric’s cheapest scooter S1 Air will now start in July only, a delay of three months. The gap comes even as EV manuf...
- 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...
- Lens on EV makers' claim to FAME subsidy: Testing agencies to relook at eligibilityThe subsidy was meant to make domestically manufactured EVs cheaper for end consumers. A key goal of the FAME scheme is to establish and bo...
- Payment aggregators to approach RBI; IT firms cut variable pay; and ED's loan app probe finds Rs 800 cr crime proceedsPayment aggregators which are already on the tenterhooks with the Reserve Bank of India’s diktat on lending rules are set to lobby the cent...
- There is no room for shortcuts for EV testing: Hero Electric MD Naveen MunjalNaveen Munjal’s comment came in the backdrop of incidents of electric scooters catching fire and manufacturers coming under the scanner for...
- Tesla faces bumpier ride breaking into India after China successCost is like to be a major stumbling block in India. Modi govt's FAME programs won’t do much to help lower the price for would-be Tesla cus...
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