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.
Denne historien er fra December 14, 2024-utgaven av Financial Express Ahmedabad.
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Denne historien er fra December 14, 2024-utgaven av Financial Express Ahmedabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
ISRO to study how crops grow in space on PSLV-C60 mission
DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
If it is business as usual, Viksit Bharat by 2047 will not happen
Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:
26 members enter startup billionaire club in 2024
Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.
Smartphone exports set to top ₹1.70 L cr
India's smartphone industry added exports worth ₹2.87 lakh crore, with domestic value addition reaching nearly 20%, according to ICEA. The sector's success is attributed to a strong government-industry partnership. In FY24, smartphone exports totaled ₹1.29 lakh crore, and electronics exports reached ₹2.41 lakh crore, with iPhones making up a significant portion. The government is focusing on export-led growth in this sector.
Broker strength falls 40% on compliance burdens
Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.
Eliminates odour, cleans indoor air in a jiffy
Ideal for bedrooms, offices, or small living areas
'Consumers prioritise value, want devices tailored to their needs'
JEFFREY LIANG, PRESIDENT, BENQ ASIA PACIFIC
GOVO GOBUDS SPORTComfortable fit for long sessions
These earbuds have low latency and a strong battery
