Stay updated with breaking news from Lohia auto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India s Finance Minister, Nirmala Sitharaman, presented the Union Budget, positioning it as a foundation for developing India into a Viksit Bharat or a developed nation by 2047. The budget, totaling INR 47.66 lakh crore, spans various sectors with a focus on social justice, fiscal prudence, and fiscal deficit reduction. Experts view the budget as laying the groundwork for an empowered and inclusive India, echoing Prime Minister Narendra Modi s vision. ....
India s electric two-wheeler market has seen a significant sales increase in Q3 FY 24 compared to Q2 FY 24, indicating robust growth. There was also a year-on-year growth in Q3 FY 24 compared to Q3 FY 23. The ongoing Q4 FY 24 has already recorded impressive sales figures. The President highlighted the exponential growth of electric vehicle sales in recent years. Stakeholders anticipate potential policy developments in the upcoming budget, including the introduction of FAME III. Industry leaders are optimistic that FAME III will foster a conducive environment, incentivize manufacturers, and boost consumer affordability. ....
EV Sales: The upward trend in the electric two-wheeler market is further evidenced by the impressive sales figures in the ongoing fourth quarter (Q4 FY 24), with 76,301 units already sold, pointing to a strong finish for the fiscal year. ....
Smaller players manufacturing electric two-wheelers (E2Ws) are unlikely to raise prices of their models initially in 2024 in order to ensure volumes do not drop.
The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc.
As India s E2W sector gears up to go past one million in 2024, manufacturers are likely to maintain price stability, underpinned by strategic independence from subsidies under Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles II (FAME II), localisation efforts, sustainability initiatives, and a focus on affordability. ....
Bike, scooter, EV sales in 2023, new bike launches autocarindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autocarindia.com Daily Mail and Mail on Sunday newspapers.