During the year, the Central government had issued notice to several electric two wheeler manufacturers asking them to refund about Rs 500 crore as undue subsidy claims . The companies also refunded the cost of chargers to their customers as that has to be provided as part of the vehicle and can t be charged separately.
During the year, the Central government had issued notice to several electric two wheeler manufacturers asking them to refund about Rs 500 crore as undue subsidy claims . The companies also refunded the cost of chargers to their customers as that has to be provided as part of the vehicle and can t be charged separately.
Electrifying And Eventful : Powered By A Busy 2023, EV Players On A High menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The year 2023 could be termed as electrifying and eventful for the Indian electric vehicle (EV) industry.While the industry saw good volume growth, it also saw several government actions, mainly in the two wheeler segment that showed the darker .
The per unit cost of TVs will go up by at least Rs 2000-3000 starting April 1st, 2021. In the last eight months alone, TV prices have soared upto 300% causing a net escalation of almost INR 3000-4000 per unit. Besides the prices of TV panels (open cell)which have been on a continuous rise to the tune of more than double, mainly due to supply shortage by global vendors, other factors that are leading to this surge are - a hike in custom duty, rise in cost of input material like copper, aluminium and steel and an increase in ocean and air freights charges, that is collectively set to put the prices on fire.