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FAME II: Centre extends subsidies for e-vehicles to Rs 11,500 cr till March-end or until funds are available

FAME II subsidies: As per the revised outlay, electric two-wheelers, electric three-wheelers, and electric four-wheelers are eligible to avail of subsidies to the tune of Rs 7,048 crore. ....

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FAME II subsidies: FAME-II subsidies for e-vehicles till March-end or until funds are available: Govt

To give a further push to clean mobility in the country, the Ministry of Heavy Industries has announced that the outlay of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme has been enhanced from Rs 10,000 crore to Rs 11,500 crore, an official statement said. ....

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Hero Electric faces rating cut on loan defaults, Auto News, ET Auto

"The rating action reflects a delay in servicing of debt obligations due to poor liquidity," Crisil said in its note. There has been a sharp deterioration in the financial risk profile of the company, Crisil noted, due to continued operating losses, stretch in liquidity due to buildup of subsidy receivables and lower-than-expected equity infusion from external investors. ....

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Hero Electric faces rating cut on loan defaults

"The rating action reflects a delay in servicing of debt obligations due to poor liquidity," Crisil said in its note. There has been a sharp deterioration in the financial risk profile of the company, Crisil noted, due to continued operating losses, stretch in liquidity due to buildup of subsidy receivables and lower-than-expected equity infusion from external investors. ....

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FAME II subsidy cuts untimely, may deter transition to EVs

FAME II subsidy cut, in a knee-jerk reaction to alleged fraudulent practices by OEMs in order to claim incentives, may be a spoke in the wheel of transition to e2Ws ....

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