Electric two-wheeler makers may face uncertainty with a big subsidy cut, but they should get used to a level playing field. That might be just the nudge they need to turn competitive
The news comes at a time a report jointly prepared by the KPMG and CII has suggested that EV adoption levels in India are expected to see exponential growth for the rest of the decade.
The first-of-its kind policy safeguards battery life for up to four or five years and provides performance coverage for up to 60,000 km. Additionally, the comprehensive plan covers EV components alongside the battery and is transferable to a new owner in the event of a sale, boosting resale value
The committee recommended that the government should extend FAME-II scheme “to allow more time to evaluate the effectiveness of the scheme and to make necessary adjustments/modifications to promote EVs.”