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EV manufacturers say new policy will aid growing interest in Maharashtra

EV manufacturers say new policy will aid growing interest in Maharashtra
Earlier in the day, Maharashtra government unveiled its new EV policy with an aim of making such vehicles achieve 10 per cent share of total registrations by 2025, among others.
In addition to demand incentives, the policy also incentivises buy-back and vehicle scrappage (Source: PTI)
PTI
Updated Jul 14, 2021, 9:37 AM IST
EV manufacturers body SMEV on Tuesday said the added subsidies from the Maharashtra government on batteries and overall vehicles in its new EV policy will aid to the growing interest among investors and companies looking to make an entry into the manufacturing of parts for the segment. ....

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EV manufacturers welcome initiatives in revised Maharashtra policy

EV manufacturers welcome initiatives in revised Maharashtra policy
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Electrical Vehicle policy: EV manufacturers welcome new Maharashtra policy

Electrical Vehicle policy: EV manufacturers welcome new Maharashtra policy
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Union Budget 2021-22: EV Industry Welcomes Scrappage Policy

Union Budget 2021-22: EV Industry Welcomes Scrappage Policy
The electric vehicle (EV) industry has welcomed the Union Budget 2020-21, even though there were no specific announcements to boost the industry.
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Highlights
Most EV industry expectations were not addressed in Union Budget
Scrappage policy, infrastructure development welcomed by industry
The electric vehicle industry has had a lot of expectations from the Union Budget 2021-22, particularly on GST reduction, import duty reduction on lithium ion battery cells, as well as extension of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) II scheme. The FAME II scheme came into effect from April 1, 2019 and the EV industry was expecting some sops to help the industry, including financing solutions to help boost the industry. While there have been no specific Budget announcements which are likely to boost the industry, the industry overall has welcomed the Union Budget ....

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FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy

FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy
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Last Updated: Jan 31, 2021, 10:50 AM IST
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The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022.
Reuters
NEW DELHI: FAME-II scheme, the programme meant to promote electric vehicles in India, has helped in attracting investments in the sector in the country and needs to be extended by another three to four years, according to a top official of Hero MotoCorp-backed Ather Energy. Presenting an opposite view to that of the Society of Manufacturers of Electric Vehicles (SMEV) which asked Finance Minister Nirmala Sitharaman to either rejig FAME-II scheme or reintroduce FAME-I, Ather Energy Co-founder & CEO Tarun Mehta told that what the SMEV has sa ....

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