Govt rolls out ₹10,900 crore PM Electric Drive scheme
PM E-DRIVE scheme offers subsidy worth ₹3,679 crore for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), e-ambulances, e-trucks and other emerging EVs.
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Govt unveils ₹500-cr scheme for EVs ahead of FAME expiry
The new scheme will run for four months from April 1, 2024 to July 31, 2024
Budget 2024: FAME scheme outlay slashed by 48% to ₹2,671 crore
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
Budget 2024: EV industry proposes GST cut on lithium-ion batteries
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
EV industry seeks uniform GST, wider FAME from Budget 2023
The apex industry body believes that the Union Budget will help the EV industry move forward on its way toward faster adoption.
M&A deals steady in Indian auto sector: Report
Auto is among the first impacted sectors because of massive tech disruptions and overseas expansion, according to the report.
Tata Motors dismisses reports of poorly performing EVs
Government officials complained about the low range of the electric vehicles, saying they failed to run even 80-82 km on a single charge within city limits.
Bear 50% cost: EV makers body to govt
Hero Electric’s Sohinder Gill says the government and industry should both contribute 50% to manufacturing electric two-wheelers to make them affordable.
