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Policy tweaks slow electric 2-wheeler subsidy claims
Hindustan Times Bengaluru
|December 11, 2024
NEW DELHI: The number of electric two-wheelers for which buyers claimed subsidies has dropped to a three-year low this fiscal, as automakers skipped the benefits following stringent rules and frequent changes in criteria.
Of around 649,000 electric scooters sold in April-October 2025, subsidy was claimed for about 329,000 or about 51% of the units, according to data reviewed by Mint. That compares with consumers utilizing benefits on 89% of about 948,000 battery-powered units sold in FY24 and 93% of around 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.
Denne historien er fra December 11, 2024-utgaven av Hindustan Times Bengaluru.
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Hindustan Times Bengaluru
CM says no probe into Pawar-led institute
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Hindustan Times Bengaluru
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1 min
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Hindustan Times Bengaluru
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3 mins
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Hindustan Times Bengaluru
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1 min
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Hindustan Times Bengaluru
MAN IN DELHI HELD FOR ESPIONAGE, RUNNING FAKE PASSPORT RACKET
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1 min
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Hindustan Times Bengaluru
HAL, Russian major ink pact for civilian commuter aircraft
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2 mins
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Hindustan Times Bengaluru
Indo-Canadian bizman shot dead
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1 min
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Hindustan Times Bengaluru
Is the H-1B visa crisis a blessing in disguise for IT?
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2 mins
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Shami bags fifer in Bengal win; Delhi take home 3 points
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1 mins
October 29, 2025
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