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Niti Aayog suggests govt to provide incentives on EV purchase apart from subsidy under FAME-II

New Delhi : Government think-tank Niti Aayog has said the government should provide incentives on electric vehicle (EV) purchase over and above the existing subsidy under the Faster Adoption and Manufacturing of Hybrid and EV (FAME-II) scheme. The Niti Aayog in its status quo analysis of electric mobility in India also said the government should […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

SMEV hails govt’s decision to extend FAME II certificate validity

Originally, manufacturers were required to submit re-validation certificates for availing of demand incentives under FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme New Delhi: Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday welcomed the government’s move to extend the validity of the FAME II certification for one year. The Department of […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy

The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022. NEW DELHI : FAME-II scheme, the programme meant to promote electric vehicles in […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Target of selling 10 lakh electric 2-wheelers under FAME-II ‘nowhere in sight’: SMEV

According to the SMEV, the sales of high-speed electric two-wheelers, which qualify for incentives under the government’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) II scheme, in 2020 were down 5 per cent from 27,224 units sold in 2019. With just 25,735 units of high speed electric two-wheelers sold in […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Andhra Pradesh to set up hydro power storage plants: NREDC MD Ramana Reddy

AMARAVATI: In a major development, the state government has decided to set up Pumped Hydro Storage Power Projects (PSP) as part of its decision to promote new renewable energy power plants. The PSP mode is likely to balance the fluctuations in total input power from the existing renewable energy plants depended on solar and wind […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

Budget 2020: Powering up electric vehicles by extending subsidy benefits of FAME-II to e-Bikes

Union Budget 2020 India: In its annual review, the IMF said that declining consumption and investment accompanied by falling tax revenue have arrested India’s once surging GDP growth. Union Budget 2020 India: The 2019 Union Budget was a landmark one for electric mobility. Not only was GST on electric vehicles (EVs) slashed to 5%, the […]

EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities

Pinnacle Industries forays into EV batteries

Partners with Phylion Battery Company for the launch of its integrated Lithium Ion battery assembly facility in Maharashtra Pinnacle Industries has partnered with Phylion Battery Company for the launch of its integrated Lithium Ion battery assembly facility in Maharashtra. The new facility was inaugurated recently. The state-of-the-art assembly unit is now fully operational and will […]

Hitachi ABB Power Grids to Deploy 90 MW Battery Storage System at Finnish Nuclear Plant