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Govt changes key scheme parameter before it is going to end on 31 March and it is possible that manufacturers may have to go for a downward revision in the subsidies they can offer per vehicle. ....
EV Conclave 2023: The two-day conclave from November 29 is India s largest and fastest-growing conference and exhibition. Like the previous editions, the conclave will bring some of the best minds from the domestic and global EV landscape together to discuss, debate and design a better, cleaner, safer and more sustainable future for the Indian automotive industry. ....
Sales of EVs is on a growth path, led by the two-wheeler segment. Penetration of electric two-wheelers in the overall two-wheeler sales increased to about 5% in FY23, though the pace of adoption has slowed over the past few months owing to the reduction in subsidy. To offset the vehicle cost hike owing to reduction in subsidy, electric two wheeler OEMs recently introduced de-spec versions of their existing electric scooters. ....
EV Sales In India: Sales of EVs is on a growth path, led by the two-wheeler segment. Penetration of electric two-wheelers in the overall two-wheeler sales increased to about 5% in FY23, though the pace of adoption has slowed over the past few months owing to the reduction in subsidy. To offset the vehicle cost hike owing to reduction in subsidy, electric two wheeler OEMs recently introduced de-spec versions of their existing electric scooters. ICRA suggests that this is likely to aid adoption over a medium term. It added that volumes need to pick up because that is when the vendor negotiation or the vendor discounts will actually come in, which will eventually help in reaching economies of scale and thus profitability. ....
Domestic Automotive Industry: Volume growth across segments expected to remain at moderate levels in FY2024. OEMs are focused on development of ground-up EV platforms as electrification gathers pace ....