The third leg of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme is in the final stage, said Union Minister HD Kumaraswamy, however noting that it won't be part of the upcoming union Budget scheduled to be tabled on July 23.
India's new EV policy, introduced lately, has provisions for incentives for setting up manufacturing plants in India. Under the government's EV scheme, the government aims to position India as a preferred manufacturing destination for EVs equipped with cutting-edge technology.
This gathering assumes significant importance as China, the world's second-largest economy, grapples with a myriad of challenges including a property sector crisis, escalating local government debt, and strained consumer demand amid geopolitical tensions with Western nations.
As Finance Minister Nirmala Sitharaman gears up for the Union Budget 2024-25, the Electric Vehicles sector (EVs) looks optimistic about announcements for the growth of the industry.
New Delhi [India], July 9: National Highways for Electric Vehicles (NHEV) is set to begin with their 3rd TechTrial Run, on World EV day, September 9. The Trial will cover a 332 km stretch from Chennai to Trichy including Electric, Hydrogen and Zero Emission Freight vehicles for the first tim
Aggarwal narrated how his new electric vehicle company was not seen as a disruptor about four years back with big players being almost dismissive and how its market share in two-wheeler electric vehicles has grown to nearly 50 per cent
Sales of Tata Motors' passenger vehicles, including the electric vehicles, have slumped in the month of June and the corresponding quarter, data released by the automaker showed on Monday
Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said that the country is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Al Jazeerea reported.
The new standards, IS 18590: 2024 and IS 18606: 2024, focus on the critical component of electric vehicles--the powertrain--ensuring it meets stringent safety requirements.
According to a press release, this collaboration aims to accelerate the adoption of electric vehicles (EVs) across India through the establishment of innovative "eDrive stores" at select BPCL retail outlets.