Tag: SMEV
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FAME-II subsidy cut likely to disrupt EV sector growth: SMEV to NGT
[ad_1] The Society of Producers of Electrical Automobiles (SMEV) on Tuesday petitioned the Nationwide Inexperienced Tribunal (NGT) over the Ministry of Heavy Industries’ (MHI’s) resolution to slash the Quicker Adoption and Manufacturing of (Hybrid &) Electrical Automobiles (FAME-II) subsidy of electrical two-wheeler to Rs 10,000 per Kwh from the Rs 15,000 per Kwh. …
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Unpaid subsidies worth Rs 1,200 cr leading to liquidity crisis: SMEV
[ad_1] Weeks after the Parliamentary Standing Committees on Trade and Estimates requested for a decision and revival of the e-mobility revolution in India and beneficial continued patronage of the FAME II coverage. The business physique for electrical producers — Society of Producers of Electrical Autos (SMEV) — in a petition despatched out to the Committees…