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The government subsidy for the purchase of electric vehicle (EV) to the vehicle makers should continue till the market reaches an EV penetration of 8-10 per cent, said a top official of Greaves Electric Mobility Private Ltd."FAME (Faster ...
Tata Motors, Suzuki, Hyundai, Ford, Ashok Leyland, Kia, and Bajaj Auto are among 20 companies approved for Production Linked Incentive (PLI) scheme for the automobile sector, the Ministry of Heavy Industries said on Friday.
These companies bid a total capacity of 130 Gwh under the scheme.
PLI scheme for automobiles and auto components attracts 115 companies
The scheme’s response is two-and-a-half times over the stipulated capacity. Click here to read more.