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EV Sector Funding Investment: EV sector has swerved back into funding avenue But why are investors staying cautious?, ET Auto

EV Sector Funding Investment: Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem.

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EV sector has swerved back into funding avenue But why are investors staying cautious?

Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem.

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SMEV Seeks Clarification From MHI: SMEV seeks clarification from Ministry of Heavy Industries on subsidy refund issue, ET Auto

SMEV Seeks Clarification From MHI: The SMEV s main contention is about the subsidy processing and official reimbursement, which it believes might have been flawed. The organization has consequently requested the Ministry to clarify if it intends to annul all subsidy claims during the specified period for all OEMs. SMEV is also questioning the legal foundation for the refund amounts, as they apparently deviate from any established mechanism in the existing rules.

New delhiIndian electric vehicleSmev seeks clarification from mhiIndian electric vehicle industryAuto industryMinistry of heavy industries

FY23 Indian Electric Vehicle Industry Report - Sales, Growth, Challenges

India's EV industry witnessed significant growth in FY23, 1.1 million EVs sold. Slow adoption of highspeed electric two-wheelers a challenge.

Sohinder gillSociety of manufacturers electric vehiclesIndian electric vehicle industryElectric vehiclesElectric two wheeler salesHigh speedIndia grows exponentiallyChallenges remain

Indian Electric Vehicle (EV) Growth Opportunities Report 2021 Featuring Ather, Bosch, Hero Motors, Hyundai, Mahindra & Mahindra, MG, Sun Mobility, & Tata Motors

Indian Electric Vehicle (EV) Growth Opportunities Report 2021 Featuring Ather, Bosch, Hero Motors, Hyundai, Mahindra & Mahindra, MG, Sun Mobility, & Tata Motors
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