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Two-wheeler makers expand EV space; battery prices, regulatory setup remain worries, ET Auto

EV Space: The Indian electric vehicle (EV) sector would continue to face regulatory, technology and market headwinds in 2024, said industry officials.

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Two-wheeler makers expand EV space; battery prices, regulatory setup remain worries

The Indian electric vehicle (EV) sector would continue to face regulatory, technology and market headwinds in 2024, said industry officials.As to the tailwinds that would push the sector forward, the officials said growing popularity, reducing .

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Electric two-wheeler sales likely to breach 1 million mark in 2024

India s electric two-wheeler (E2W) sector is expected to cross the one million mark in 2024 fuelled by rising demand, increased production, and affordability, industry experts said, even as several original equipment makers are expanding their penetration to rural areas. Improved battery technology and innovative features are also likely to fuel growth, they said. E2W sales will breach the 1-million mark in 2024 as the demand for electric two-wheelers is expected to continue growing due to factors such as environmental awareness, government incentives, and improvements in technology, Hyder Khan, chief executive officer (CEO), Godawari Electric Motors, said.

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hero electric: Hero Electric taps investor GII, credit funds to raise ₹550 cr

The development comes at a time when Hero Electric has been facing pressure on operations with the Ministry of Heavy Industries stalling disbursal of subsidies under FAME II (Faster Adoption & Manufacturing of Electric Vehicles) in FYFY22 after receiving anonymous emails alleging that several firms including Hero Electric were claiming subsidies under the scheme without meeting the Phased Manufacturing Plan norms meant to increase indigenisation, investments and employment in India.

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EV sales in festive season not as expected: Lohia Auto - The Hindu BusinessLine

EV sales in festive season not as expected: Lohia Auto - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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