New Delhi : Society of Manufacturers of Electric Vehicles (SMEV) has asked the government to create a Rs 3,000 crore fund to revive and sustain operations of OEMs which have been badly affected by the recent FAME subsidy blocks. In a letter to the Finance Minister, the industy body has noted that the total amount […]
SMEV seeks Rs 3,000 crore rehabilitation fund to revive ops of electric two-wheeler makers – EQ Mag
New Delhi : Society of Manufacturers of Electric Vehicles (SMEV) has asked the government to create a Rs 3,000 crore fund to revive and sustain operations of OEMs which have been badly affected by the recent FAME subsidy blocks. In a letter to the Finance Minister, the industy body has noted that the total amount […]
Here’s why you will have to pay more for electric scooters from 1 June – EQ Mag
The subsidy reduction is part of the government’s second phase of the Faster Adoption of Manufacturing of Electric Vehicles in India (FAME) scheme Starting from 1 June, electric scooters are set to become more expensive as the government subsidy provided to electric two-wheeler manufacturers will be reduced. The subsidy reduction is part of the government’s […]
Govt to recover wrongly claimed sops by EV makers – EQ Mag
The Centre plans to provoke restoration of wrongly claimed subsidies by electrical car (EV) makers below a devoted ₹10,000-crore programme that was created to promote native manufacturing and adoption of transport selections that do not go away tailpipe emissions. Officials privy to the event advised ET that the Ministry of Heavy Industries (MHI) has begun […]
EV industry ends 2022 with one million unit sales; worries loom ahead – EQ Mag
Despite consumer interest EVs, reluctance on the part of the auto industry to invest more in them, lack of long-term policy and the rising number of Covid cases put the sector at risk. India’s electric vehicle (EV) industry has touched the milestone of one million unit sales in calendar year 2022, accounting for 4.7 per […]
SMEV Seeks Extension Of Subsidies, For Electric Vehicles Under FAME-II In Budget – EQ Mag
Society of Manufacturers of Electric Vehicles on Tuesday sought extension of subsidies for EVs under the FAME II scheme and also include light to heavy commercial vehicles in it to promote electric mobility. In its pre-Budget recommendations, the industry body also called for a uniform 5 per cent GST on spare parts for electric vehicles. […]
EV Battery Manufacturers get More Time to Comply With Additional Norms – EQ Mag Pro
New standards now applicable in two phases — December 2022 and March 2023 After much resistance from the electric vehicle (EV) manufacturing industry, the Centre has extended the deadline for implementation of the new battery testing standards, which were enforced amid rising cases of EV fires across the country. The standards, which were earlier supposed […]
Electric vehicles sales in India to touch 10 lakh units this year: SMEV – EQ Mag Pro
In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 2,33,971 units driven by a good traction of high-speed scooters as compared to 1,00,736 units in 2020, SMEV said in a statement. Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal […]
How Govt’s Rs 18,100-Crore PLI May Transform Electric Vehicles in India
The government’s approval of Rs 18,100-crore production linked incentive (PLI) for the local manufacturing and storage of electric vehicle batteries could well change the face of EV adoption in our country. Here are top things you should know about the government’s motive to promote the sector: What is a production-linked Incentive (PLI) and why is […]
Sales of EVs in India fell 20 pc in FY”21 to 2,36,802 units: SMEV
New Delhi : Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 2,36,802 units. In 2019-20 sales of electric vehicles (EVs), including electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W), stood at 2,95,683 units. For FY21, the […]