In April, the government had extended the phase 1 of the FAME India scheme by six months till September-end or till its second phase is approved.
Under the scheme, battery-operated scooters and motorcycles are eligible for incentives ranging between Rs 1,800 to Rs 29,000, while in three-wheelers it is between Rs 3,300 and Rs 61,000.
Electric vehicle (EV) sales in India are expected to witness a double-digit growth till 2020, fuelled by government measures for the sector and reducing battery prices, among others.
The Centre may dole out incentives to promote electric vehicles in the country by considering lower GST and extending tax benefit for buyers in this week's Budget for 2018-19, say sources.
Mahindra and Mahindra has said that it is bullish on the evolving electric vehicle market in India and will ensure it has a substantial presence in this segment.
New York: Combining a solar cell and a battery into a single device, researchers have developed a design that is 20 percent more efficient than today's traditional batteries."That 20 percent energy saving comes from sunlight
Greater Noida: In a move to boost electric vehicles sales in the country, the government has earmarked Rs 1,000 crore for the National Electric Mobility Mission Plan for the next two financial years, a top
Top News
Latest News
