Fame

Diane Keaton’s death at 79 in California sparked global mourning. Amul honored her with the line “Any Hall of fame would have her,” celebrating the legendary actress’s timeless charm and influence.

Centre offers subsidy on electric trucks under PM E-Drive scheme

A dedicated provision for 1,100 e-trucks registered in Delhi has been made, with an estimated outlay of Rs 100 crore, aimed at addressing the capital’s serious air quality challenges.

No fund allocation for FAME scheme, budget 2025 boosts PM E-Drive with Rs 4,000 crore

Last year, the FAME scheme had received Rs 2,058 crore, down from Rs 3,921 crore the year before.

Budget Snapshot | It’s time to turbo-charge electric vehicle sales

The government must set right the anomalies in tax structure wherein batteries and certain components in EV manufacture attract a higher GST than the EV itself

PM E-DRIVE likely to boost local EV manufacturing in a phased manner, to replace FAME: Report

The financial incentives for electric two-wheelers will be reduced to Rs 5,000 per vehicle starting in 2025-26, while subsidies for electric three-wheelers will be capped at Rs 25,000 per vehicle.

New scheme to replace FAME III, announcement likely today

Under the new programme, subsidies worth Rs 3,679 crore has been provided to incentivize EVs under FAME III, and Rs 500 crore have been earmarked for electric ambulances.

EMPS to be extended beyond September for EVs, says Minister Kumaraswamy

The scheme is meant to provide a short-term support for the electric vehicle (EV) sector, after the expiry of the FAME II (Faster Adoption and Manufacturing of Electric Vehicles) scheme.

Centre considering incentives for electric ambulances, police vehicles under FAME III, additional sops for scrapping

The scheme is likely to have incentives for electric buses, three-wheelers and two-wheelers. New categories like electric trucks, tractors, mining equipment and charging infrastructure could also be included.

Govt lists ongoing schemes to speed up electric vehicle adoption

The Ministry of Heavy Industries said the Electric Mobility Promotion Scheme 2024 (EMPS), with an allocation of Rs 778 crore, is set to run from April 1, 2024, to September 30, 2024. The scheme provides incentives for the purchase of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).

What can the Finance Minister do for India’s climate change action in Budget 2024-25?

Given India's climate commitments and the urgent need for action, the industry and experts hope that the Finance Minister announces incentives and policy measures to accelerate energy transition and clean energy adaptation.  

CCI junks abuse of dominance plea against Ola electric, Hero, TVS and Ather

The petitioner had alleged that the companies were pricing their vehicles in violation of the subsidy under FAME provisions, making the market uncompetitive for small manufacturers.

Need FAME scheme extension for another 5 years: Kinetic Green CEO

Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers.

Ola Electric taps Kotak, Goldman Sachs for IPO, likely to hit market in early 2024

Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO's structure

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Ather latest to offer refund to customers for chargers bought before April 12

Ola, too, has offered to return the money to customers who paid for charging devices for their EVs

EV industry body seeks Parliamentary panel's intervention in release of pending subsidies

The industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.

Lohia Auto to foray into high-speed e-scooters, looks to take on Ola Electric’s product lines

The EV arm of the Lohia Global has already invested Rs 100 crore to establish a manufacturing plant at Kashipur, Uttarakhand, with an installed capacity of 100,000 vehicles across three- and third-wheeler segments. Lohia Auto has sold more than 50,000 units of EVs comprising 14,000 e-rickshaws and 30-35,000 two-wheelers to date.

Fate of EV incentives uncertain as sales fall short, subsidy allegedly misused

Two parliamentary panels want the scheme to be extended, but the government appears reluctant. Some experts say a PLI scheme would be better.

The Green Pivot: EVs will reach critical mass this year 

From a total cost of ownership (TCO) perspective, EVs are already competitive, even at today’s pricing levels 

Will battery swapping spark the EV revolution in India?

The support of state governments and local authorities by way of allocating land parcels or power supply connections for battery charging stations would be a crucial determinant for enabling an effective EV ecosystem

Ather Energy CEO sees massive EV demand, says Ola electric scooter helped grow awareness

The only impediment to the growth of electric vehicles can be charging infrastructure bottlenecks that may crop up in the next few years, says Tarun Mehta. In the last few months, the industry has seen 30-40 percent growth every month. In the next 2-3 years, volumes may grow 20-30 times over the cumulative volumes of the last 15 years, he says.

Electric Vehicles: FAME II scheme may get 2-year extension till March 2024

NITI Aayog has also suggested “reworking” the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to pare costs of electric vehicles with regular ICE vehicles

Delhi govt suspends subsidy on Tata Nexon EV for 'sub-standard' driving range

Delhi Transport minister Kailash Gahlot on Monday said several users had complained of "sub-standard" driving range offered by the Nexon electric vehicle (EV).

Ola’s Mission: Electric – Softbank’s $250 million is only the beginning of a wave

Shared mobility is in for a renaissance – this time, electric is the catchword. Softbank’s latest funds infusion bears testimony to that

FICCI pushes for inclusion of battery swapping scheme under FAME-II

This would reduce the time to charge electric vehicles which generally takes a few hours