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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.