India Business News: India emerges as the leading market for electric three-wheelers, surpassing China in 2023 with over 580,000 sales. The country's electric vehicle land
Budget News: Discover the expectations of the EV industry from Budget 2024 in India. Learn about the need for FAME-II extension, reduced GST on li-ion batteries, and other incentives to support the growth of the EV sector. Find out what industry stakeholders have to say about government support, subsidies, and policy reforms.
"Additional funds for FAME II can be sought in a vote on account," said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year s budget will be a vote on account as general elections are due in April-May.