In a significant step to accelerate the growth of electric vehicle (EV) infrastructure in India, the Ministry of Heavy Industries (MHI) has allocated ₹2,000 crore under the PM E-DRIVE Scheme.…
FAME II scheme
As India embraces electric mobility, corporate campuses are becoming increasingly important in the movement towards decarbonization. More companies are funding EV charging solutions as a part of an overall sustainability…
According to a survey by the industry group FICCI, India will need to invest Rs 16,000 crore in capital projects by 2030 in order to meet the demand for EV…
India’s shift towards sustainable mobility is gaining momentum with Electric Vehicles (EVs) becoming increasingly popular. To encourage adoption, central and state governments offer subsidies and incentives. The central government’s FAME-II…
As part of the continuing investigation into an alleged FAME II scheme fund embezzlement case, the Ministry of Corporate Affairs’ Serious Fraud Investigation Office (SFIO) has searched the electric car…
Subsidy cut in FAME-II scheme for electric two-wheelers has made a major impact on the prices of leading two-wheeler brands. TVS Motor Company has announced a revision in its electric…
Indian electric two-wheelers cost may rise as the Ministry of Heavy Industries has been considering increasing the outlay for EV two-wheelers and reducing the subsidy per vehicle. The ministry plans…
Initiated to promote the aggressive growth of electric vehicle adoption in India through various government schemes like PLI schemes and FAME- I & II Schemes, the Indian electric mobility segment…
EV start-up, HOP Electric has begun the deliveries of its flagship high-speed e-bike, the HOP OXO. Within two months of its launch, the company had received over 10,000 bookings and…
Taking a stricter stance on EV manufacturers that are claiming subsidy under the faster adoption and manufacturing of hybrid and electric vehicles (FAME II) scheme, EV manufacturers will now have…