REPORTS INDICATING THAT the number of electric two-wheelers for which buyers claimed subsidies dropped to a three-year low this fiscal should not ring any alarm bells. Of around 6.49 lakh e-scooters sold in April-October, subsidy was claimed for about 3.29 lakh, or just over half the units. Compare this with FY24, when of the total sales of 9.48 lakh, 89% of consumers availed subsidy. Similarly, in FY23, the number was 93%. While the number of consumers availing subsidy has declined, the total number of units sold has, in fact, risen by 37% compared to the same period last year. Hence, any talk of policy inconsistency is uncalled for. The subsidies are provided as part of the government's FAME scheme, which has run two full courses, with the subsidy amount getting reduced in the second iteration from the first.
Diese Geschichte stammt aus der December 14, 2024-Ausgabe von Financial Express Ahmedabad.
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Diese Geschichte stammt aus der December 14, 2024-Ausgabe von Financial Express Ahmedabad.
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Trump comeback: Honda to go slow on new EVs
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Bid for 2036 Olympics takes pan-India route
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Flying taxis are on the horizon
Taking Commuting To New Heights
Pritish Nandy dies at 73
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AI Policy to Get a Shot in the Arm
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No Pre-emptive Tariff Overhaul
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India seeks NRI participation in 'Viksit Bharat'
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Sebi issues guidelines for analysts & advisers
Reporting timelines for CRAs relaxed
Oil pares gains on dollar strength
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Searching for Global Relevance
GCCs focus on skills-based hiring for growth
