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May 27, 2023
The government has told four additional EV companies to return subsidies that they incorrectly received and to explain why they should not be disqualified from the FAME scheme, according to the news channels sources.
May 15, 2023
Hero Electric is aiming to go public by 2025-26, but before that the EV manufacturer is working to increase its vehicle sales to 2 million in next three years
March 23, 2023
The Government of India has stopped processing pending FAME-II subsidies of Okinawa and Hero Electric. The Government had earlier served a notice to both companies, last year. As per a PTI report, the manufacturers were under probe for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, which is currently in its second phase.
February 5, 2023
Union Minister for Heavy Industries, Mahendra Nath Pandey on Saturday said that scraping custom duty for car testing in India will put the country in the global
February 4, 2023
Union Minister for Heavy Industries, Mahendra Nath Pandey on Saturday said that scraping custom duty for car testing in India will put the country in the global business of car testing.
February 4, 2023
Union Minister for Heavy Industries, Mahendra Nath Pandey on Saturday said that scraping custom duty for car testing in India will put the country in the global
January 4, 2023
The 2023 Auto Expo will see Hero, TVS, Bajaj, Royal Enfield, Honda, Yamaha, Suzuki, Kawasaki, Ducati, BMW Motorrad and Harley-Davidson skipping the show. Click here to see the full list of manufacturers at the event.
January 1, 2023
New Delhi, Jan 1: Electric two-wheeler sales could miss the target of 10 lakh units in fiscal 2022-23 by 20 per cent, mainly due to withholding of around Rs 1,100 crore subsidy by the government, according to industry body SMEV. In 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers — Hero Electric, Ola and Okinawa — crossing the 1 lakh annual sales mark for the first time, the Society Of […]
January 1, 2023
The EV 2-wheeler industry performance in the calendar year 2022 looks positive, with sales of around 6 lakh units however, December has recorded a sales dip raising concerns for 2023.