Budget 2024: The Indian electric vehicle industry seeks government support through initiatives such as the extension and enhancement of the FAME scheme, GST parity for EV batteries, and financial incentives including tax credits, subsidies, and low-interest loans. Industry players emphasize the importance of these measures in promoting a sustainable and eco-friendly future, incentivizing consumers, boosting industry growth, and stimulating innovation and job creation.
DriveX Aftermarket Services: The company which provides a fully integrated pre-owned two-wheeler platform plans to open 50 network points by the end of December 2023, and scale up to 100 by the end of March 2024.
Coimbatore-based DriveX, founded by Narain Karthikeyan, India’s first Formula 1 racing driver, and his friend Christopher Anand Sargunam, refurbishes used two-wheelers and gives customers a new vehicle buying experience.
Chennai (Tamil Nadu) [India], August 25 (ANI/BusinessWire India): TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, today announced an investment in Narain Karthikeyan s start-up DriveX (NKars Mobility Millennial Solutions Private Limited), a pre-owned two-wheeler platform