PM Electric-Drive scheme to halve e-2W subsidy from April
Incentives will halve to ₹2,500 per kWh with the start of the financial year 2025-26 and subsidy will be capped at ₹5,000 per vehicle.
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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.
Budget 2024: Subsidy Burden At 5-year Low
Lower food, fertiliser subsidies drive fall
Global EV adoption slows as subsidies end, charging network lags
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Tata Group to make Assam major player in semiconductors: Ratan Tata
Tata Semiconductor Assembly and Test will set up a semiconductor unit in Morigaon, Assam.
Budget 2024: FY24 MGNREGS Plan 33% Lower Than FY23
Government has kept subsidy at a level lower than FY22
Budget 2024: Subsidy Burden Kept In Check
The government has kept subsidy at lower than FY22 levels
Ather Energy eyes profitability, IPO in 18-24 months
Hero MotorCorp-backed EV maker plans to launch a family scooter next year.
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
Debt burden will continue to rise in India: Moody's
Elevated commodity prices will keep spending on food and fuel subsidies high for economies like India, says Moody's Investors Service.
