Of the 649,000 electric scooters sold in April-October 2025, subsidy was claimed for 329,000 or about 51% of the units, according to data reviewed by Mint. That compares with consumers utilizing benefits on 89% of the 948,000 battery-powered units sold in FY24 and 93% of 727,000 in FY23.
Changes in the phased manufacturing programme (PMP) guidelines—covering localization requirements—have "disproportionately impacted mid-sized and small original equipment makers (OEMs), making it slightly more time-consuming for them to qualify under the scheme," said Alok Ray, director-public affairs at industry lobby Society of Manufacturers of Electric Vehicles.
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Change in the air as India get ready for Brisbane test
The final nets session in Adelaide gives indications of possible changes in line-up after the pink-ball Test loss
THE CURIOUS CASE OF ROHIT BAL'S WILL
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INDIA LOSE AFTER MANDHANA HUNDRED, SUFFER 0-3 WHITEWASH
Opener Smriti Mandhana's elegant century went in vain as India lost to Australia by 83 runs in the third Women's ODI to suffer a 0-3 series whitewash here on Wednesday.
Manu Bhaker looks to ease back into action at National shooting
NEW DELHI: India's Paris Olympics medallists will be back in action at the Senior National Shooting Championships starting on Wednesday.
Ministry, SAI to introduce franchise national leagues
NEW DELHI: In a first-of-its-kind initiative, the Sports Ministry and Sports Authority of India (SAI) have decided to organise franchise-based professional national leagues in several key sports disciplines at the grassroots and developmental levels.
How to claim deductions, save tax on rental income
Rent can be an additional source of income for salaried individuals who have invested in property.
New RBI guv takes over as growth slows, inflation rises
NEW DELHI: India got a new central bank governor on Wednesday, career civil servant Sanjay Malhotra, who has taken office at a time when the country's economic growth is slowing and inflation is surging.
Acme Solar secures 250 MW green project in NHPC auction
NEW DELHI: Acme Solar Holdings on Wednesday said the company has bagged a renewable energy project of 250 MW in an auction held by NHPC.
MOBIKWIK'S INDIA IPO FULLY SOLD WITHIN 1ST HOUR
Indian financial technology firm MobiKwik's ₹572 crore ($67.4 million) IPO was fully subscribed within the first hour on Wednesday as investors bet on the company's growth in a booming domestic online payments market.
Data centre mkt attracts $60 bn investment commitment in 6 yrs
NEW DELHI: India's data centre market has attracted investment commitment of $60 billion in the last six years and the cumulative inflow is estimated to surpass $100 billion by 2027-end, according to CBRE.
