New Delhi : The government is planning to take legal action against two-wheeler manufacturing companies in India that do not follow FAME-2 rules. It is reported that the government is exploring the option of taking legal action against such electronic two-wheeler companies which are not following the rules of ‘Fame-2’ scheme. Along with this, in … Read more
[ad_1] FAME-2 Subsidy Cut Impact On EV Buyers: SMEV, the body of the electric vehicle industry, has said that a sudden reduction in subsidy for electric two-wheelers can cause huge losses. The body said that this could lead to a big drop in EV adoption and affect the entire industry in the long run. However, … Read more
[ad_1] FAME-II Subsidy Cut on Electric 2-wheelers from June: The government has reduced the subsidy given under the FAME-2 (Faster Manufacturing and Faster Adoption of Electric Vehicles in India) scheme applicable to electric two-wheelers. This decision will be applicable to electric two-wheelers registered on or after June 1, 2023. The Ministry of Heavy Industry has … Read more
[ad_1] FAME-II Scheme: The government will issue notices to companies found involved in violation of localization norms under the FAME-2 scheme brought to promote the manufacturing and adoption of electric vehicles. A senior official said that this action is being taken to ban the companies found guilty and to recover the incentive amount taken from … Read more
[ad_1] EV Industry News: India is going to become a big market in the coming time in the electric vehicle industry. At present, India has the fourth largest market in the world. Moody’s has released the report saying that government incentives, local battery manufacturing, subsidies at the state level and reduction in Goods and Services … Read more