Page 6 - Manufacturing Programme News Today

On April 10, Union Finance Minister Nirmala Sitharaman while speaking at the Peterson Institute for International Economics (PIIE) on Free Trade

Citing data sourced from manufacturers, Society of Manufacturers of Electric Vehicles (SMEV) said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with top speed less than 25 km/hr.

Electric two-wheeler sales in India rose over two-and-half fold to 8,46,976 units in 2022-23 over the previous fiscal, Society of Manufacturers of Electric Vehicles said on Monday. Total sales of e-two-wheelers (E2W) were at 3,27,900 units in 2021-22. Citing data sourced from manufacturers,

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.

Union Minister of State for Commerce and Industry Som Prakash on Wednesday informed Parliament that the industrial growth during 2021-22 was 11.7 per cent over the corresponding period of the last year.

Get latest articles and stories on Business at LatestLY. Union Minister of State for Commerce and Industry Som Prakash on Wednesday informed Parliament that the industrial growth during 2021-22 was 11.7 per cent over the corresponding period of the last year. Business News | Industrial Growth During 2021-22 Stood at 11.7 Per Cent: MoS Som Prakash.

Govt has begun the process of verifying the quantum of subsidy used by EV makers who violated the localisation mandate under FAME-II

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 […]

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.

In the last two years, the Indian EV segment has grown dramatically and in last fiscal quarter alone, EV growth saw a 668 percent increase in two-, three-, and four-wheeled electric vehicles.