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Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
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FAME 3 Subsidies have an outlay of Rs 10,000 crore, like FAME 2, and will succeed EMPS
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
Reduction in electric two-wheeler subsidy has cast its shadow over sales. According to data, the industry is going to witness decline in sales for the...