According to a survey by the industry group FICCI, India will need to invest Rs 16,000 crore in capital projects by 2030 in order to meet the demand for EV…
FAME II scheme
India’s shift towards sustainable mobility is gaining momentum with Electric Vehicles (EVs) becoming increasingly popular. To encourage adoption, central and state governments offer subsidies and incentives. The central government’s FAME-II…
As part of the continuing investigation into an alleged FAME II scheme fund embezzlement case, the Ministry of Corporate Affairs’ Serious Fraud Investigation Office (SFIO) has searched the electric car…
Subsidy cut in FAME-II scheme for electric two-wheelers has made a major impact on the prices of leading two-wheeler brands. TVS Motor Company has announced a revision in its electric…
Indian electric two-wheelers cost may rise as the Ministry of Heavy Industries has been considering increasing the outlay for EV two-wheelers and reducing the subsidy per vehicle. The ministry plans…
Initiated to promote the aggressive growth of electric vehicle adoption in India through various government schemes like PLI schemes and FAME- I & II Schemes, the Indian electric mobility segment…
EV start-up, HOP Electric has begun the deliveries of its flagship high-speed e-bike, the HOP OXO. Within two months of its launch, the company had received over 10,000 bookings and…
Taking a stricter stance on EV manufacturers that are claiming subsidy under the faster adoption and manufacturing of hybrid and electric vehicles (FAME II) scheme, EV manufacturers will now have…
Indian State Governments have introduced lucrative EV policies to spur the growth of the EVs sector in India. Alike other state governments, Goa had formulated and disseminated Goa EV policy…
As the hype of EVs are taking a foothold in every country’s automobile market, India too, has plans for large scale investments in EV market in India to drift towards…