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Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.

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FAME 3 Subsidies have an outlay of Rs 10,000 crore, like FAME 2, and will succeed EMPS

The third edition of the Modi governments FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.

Reduction in electric two-wheeler subsidy has cast its shadow over sales. According to data, the industry is going to witness decline in sales for the...

Fame 3 Scheme: The third edition of the Modi governments FAME scheme, worth INR 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.

According to a media report, the government of India is likely to roll out the third installation of the FAME scheme (Faster Adoption and Manufacturing of Electric Vehicles).The report states that FAME-III could be announced within the first 100 days of the new government taking charge.

The Ministry of Heavy Industries (MHI) has debarred Hero Electric and Benling India, two defaulters under its flagship Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) scheme, from participating in any of its incentive programmes in future. This action follows the ministrys findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, senior officials told

The next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Details on this and more in todays ETtech Top 5.

The third edition of the Modi governments FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.