FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
India to Finalize EV Manufacturing Scheme Guidelines Soon
While major global carmakers like Mercedes-Benz, BMW, and Hyundai participated in consultations, the much-awaited Tesla’s participation remains unclear.
JLR to Develop EV in China: Inks Pact with Chery
JLR will license its Freelander brand, a Land Rover vehicle successfully produced from 1997 to 2015, for use in a new line of mainstream EVs.
Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%
The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue.
Indian EV Company Wardwizard bags $1.29 billion order from Philippines
The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models.
NSE’s EV Index: A Stimulant for India’s EV Segment
The base date of the index is April 2, 2018, with a base value of 1000. It will undergo semi-annual reconstitution and quarterly rebalancing.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.