The Ministry seeks to bring down the subsidy offered on electric two-wheelers from the existing Rs 15,000 per KW to Rs 10,000 per KW. The extension of FAME 2 scheme which has been in the news for a while, and subsequently its impact on adoption and sales of electric vehicles has been perplexing. In fact, […]
Two-wheeler EV leaders get show-cause notices – EQ Mag
After stopping FAME-2 subsidy to electric two-wheeler (E2W) companies for almost one year due to allegations of breach in guidelines, the government has issued show-cause notices to several leading firms, including TVS, Hero Motocorp, Ola Electric and Ather Energy, said sources close to the development. The notices have been issued asking why action should not […]