Beijing says rules that require vehicles to use parts from specific regions to quality for subsidies are discriminatory and distorted fair competition.
Electric car sales in India fell to their lowest level in five months in February despite price cuts. Lower acquisition cost alone is not enough to encourage buyers to shift to EVs. The government s FAME India scheme is set to end soon and may lead to further sales slowdown.
Bajaj And TVS Motor: Margin gains and volume share within the overall product portfolio of EVs are still small. And the EV production lines of the ICE OEMs continue to run from the profits they make by selling petrol scooters and motorcycles. This was despite subsidies which have been available under the government’s FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme, the second edition of which ends in March this year.