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Budget 2024: The rapidly growing electric vehicle (EV) industry is expecting a reduction in the goods and services tax (GST) rate on components and an extension of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidy scheme in the Budget 2024. ....
Euler Motors: Over his career spanning 35 years, Anal Vijay Singh served as the Plant Head at Pantnagar Works, Tata Motors Limited, leading large-scale production and supply chain operations for the Small Commercial Vehicle (SCV) segment. ....
Tesla Power India said approximately 10 crore lead acid batteries are scrapped and replaced every year in India, costing Rs.40,000 crore to the Indian economy. ....
Executives from top auto companies foresee a surge in the electric vehicle sector in 2024, citing new launches and increasing adoption. Despite challenges, EV sales doubled in 2023, with Tata Motors, MG Motor, Mercedes-Benz, and Kia outlining ambitious plans for growth and innovation. ....
Fame Ii: The scrapping of the Faster Adoption and Manufacturing of Electric Vehicles in India-II (FAME-II) scheme in March 2024 may result in a reduction of sales in the short term, but will not impact in the long term, said Anirudh Ravi Narayanan, CEO of BNC Motors Pvt Ltd. The company makes electric motorbikes and scooters. ....