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India surpasses China as the largest market for electric three-wheelers, reports IEA

India Business News: India emerges as the leading market for electric three-wheelers, surpassing China in 2023 with over 580,000 sales. The country's electric vehicle land ....

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6. A new e-mobility initiative in force from today

New EV schemeThe new Rs 500 crore scheme to promote electric mobility in India will come into force today and continue till the end of July. ....

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Govt dithers on subsidy, EV makers fear losing fame

Automakers are lining up affordable vehicles, slashing prices to lure buyers as sales stagnate ....

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Budget 2024: EV industry awaits FAME-II extension, reduced GST on li-ion batteries, and more | Business

Budget News: Discover the expectations of the EV industry from Budget 2024 in India. Learn about the need for FAME-II extension, reduced GST on li-ion batteries, and other incentives to support the growth of the EV sector. Find out what industry stakeholders have to say about government support, subsidies, and policy reforms. ....

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fame: Government considers extending FAME II scheme to FY25

"Additional funds for FAME II can be sought in a vote on account," said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year s budget will be a vote on account as general elections are due in April-May. ....

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