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.
Bu hikaye Financial Express Hyderabad dergisinin December 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Hyderabad dergisinin December 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'Account discrepancy to hit net worth'
EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.
Sun to buy Checkpoint for $355 mn
THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.
In trade war with US, China deploys food as weapon
CHINESE TARIFFS ON a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world's top two economies.
NEP issue stalls Parliament as DMK MPs, Pradhan spar
The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.
Poverty of ambition
Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth
Record 115 MT wheat output seen
Taking Stock
Top realtors corner LRD loans at cheaper rates
WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.
Parliamentary panel on railways calls for PPP push
TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.
Cars24 Forays Into New Car Sales With Super App
Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.
Noida Airport opening delayed to June qtr: Zurich Airport CFO
THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.