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Government to launch FAME III scheme within two months
Domestic sales for three-wheelers reached 59,073 units in July 2024, marking a 5.1% year-on-year increase, while two-wheeler sales surged to 1.44 million units, reflecting a 12.5% growth. Read more
Govt set to end electric 2W subsidies as FAME III scheme nears conclusion
The reduction in government subsidies for electric vehicles has led to a decline in the sales of electric two-wheelers, though there are indications of sales stabilising.Read more
Servotech has signed MoU with GoUP for EV charger manufacturing unit
… shares Raman Bhatia, Founder & Managing Director, Servotech Power Systems in this interview adding that the company has also established a subsidiary, Techbec Green Energy to enhance production operations.Read more
India's electric vehicles market to become $ 206 bn by 2030
India EV Show 2022 displayed the latest and technologically advanced pollution free 2 & 3 wheeled E- vehicles, parts and accessories, charging solution, technology from around 100 plus exhibitors.Read more
Sohinder Gill: A lot more needs to be done to achieve FAME II target
Timely intervention by the government in a form of policy change is required to fuel the growth, believes Gill. Read more
Ministry of Heavy Industry extends validity of FAME II certification
This measure would enable FAME II eligibility certificate of electric models valid for 1 year from each of the model’s last date of certification instead of earlier case of validity which was FY wise.Read more
EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20
To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more