EV lobby asks for contingency support from govt
SMEV seeks the commerce minister's intervention and a meeting to discuss how these companies could tide over this crisis
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June 2023
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EV lobby proposes ₹3,000 crore rehabilitation fund for OEMs
The total amount of subsidies withheld and still due to various electric two-wheeler OEMs amounted to over ₹1,200 crore, claims SMEV
Maharashtra aims to be India’s biggest EV producer
With this policy, Maharashtra aims to have 3 lakh electric vehicles a year by 2025, and has announced that starting April 2022, all new vehicles in the government fleet will be electric-only.
Ola to build 1 lakh two-wheeler charging points
The ride-hailing firm is building a charging ecosystem for its electric two-wheelers. This ecosystem is touted to be one of the largest and densest in the world.
EVs poised to take off, but challenges remain
The electric vehicle industry believes that the pandemic and the Indian government's policies have given the nascent sector a much needed boost. But more work remains to be done.
EV sales in India grew 20% in FY20
The growth largely came on the back of two-wheeler sales. The industry sold 152,000 two-wheelers, 3,400 cars, and 600 buses.
Auto industry gets an electric boost
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles.
Auto industry seeks GST cuts from Budget 2019-20
The industry, which is facing headwinds such as rising fuel prices, muted consumer sentiment, and the transition to BS VI emission norms, expects the cut to provide some relief.
No major announcement for the auto industry
Except for push for electric vehicles, there was no cut in GST or tax benefit for alternative fuel vehicles.
EV sales double despite FAME II delay
With 56,000 units sold so far, India has shown slow but steady progress towards electric adoption. But in the absence of a comprehensive policy, is it too soon to judge?
