PIB India posted, "PIB India Posted on X, "Spectacular jump in electric vehicle sales. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, which came into effect on October 1, will remain in force till March 31, 2026. The primary goal of this scheme is to acce
The Electric Mobility Promotion Scheme 2024 (EMPS 2024) was launched by the Ministry on March 13, 2024, through a gazette notification. The scheme aims to boost the adoption of electric vehicles (EVs) across the country. It was originally set to run from April 1st to July 31st, 2024, with
The growth in FY25 is expected to be driven by higher Electric Vehicle (EV) sales supported by the Electric Mobility Promotion Scheme 2024, the expectation of interest rate cuts in the second half of FY25, and strong demand for new model launches.
Bengaluru (Karnataka) [India], May 1: TVS Motor Company registered a growth of 25% with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.
According to a press release by the Ministry of Heavy Industries, the scheme aims to expedite the transition towards green mobility and bolster the development of the electric vehicle manufacturing ecosystem in the country.