Poging GOUD - Vrij
EV Industry Appeals For Subsidies To Boost Sales
The Morning Standard
|July 16, 2024
WITH electric vehicle (EV) sales losing momentum following a sharp reduction in subsidies provided by the government, the auto sector is pinning hope on the third phase of the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles) scheme to find a mention in Finance Minister Nirmala Sitharaman's upcoming FY24-25 union budget speech.
The sector is also anticipating soaps from the government to boost the battery and charging infrastructure, rationalise tax structure and support the R&D capabilities.
"Policy measures and initiatives promoted by the Government of India and state governments were instrumental in kick-starting the vehicle electrification story in the country," said Rohan Kanwar Gupta, Vice President & Sector Head Corporate Ratings, ICRA Limited. The rating agency expects that there could be a substantial allocation towards subsidy incentives in the Budget, both for manufacturers and consumers.
Dit verhaal komt uit de July 16, 2024-editie van The Morning Standard.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Morning Standard
The Morning Standard
Collective security key to sovereignty: Rajnath
DEFENCE Minister Rajnath Singh on Friday reaffirmed India’s stance in the Indo-Pacific, stressing that its emphasis on the “rule of law” does not target any country but seeks to protect regional interests collectively.
1 min
November 02, 2025
The Morning Standard
A man's resolve to give 900 schools a facelift bears fruit
From procuring furniture for schools to implementing schemes, he went the extra mile to fix education, writes Namita Bajpai
2 mins
November 02, 2025
The Morning Standard
When the Forest Stares Back
A nocturnal trail in Sri Lanka's Sigiriya shows how humans can coexist with wildlife
2 mins
November 02, 2025
The Morning Standard
Worn, Weathered, and Wonderful
From forgotten antiques to curated treasures, RARA by Arshiya Singhvi brings history back to life
2 mins
November 02, 2025
The Morning Standard
SC: Don’t want to pass order which may hurt Russia ties
EXPRESSING serious concerns over a lack of concrete response from the Russian Embassy on the whereabouts of a Russian woman, who has reportedly fled to her country with her four-year-old child, the Supreme Court recently observed that it did not want to pass any order which could hurt India-Russia relationship.
1 mins
November 02, 2025
The Morning Standard
S'pore submits Zubeen's autopsy, toxicology reports
THE Assam Police have received crucial postmortem and toxicology reports of music icon Zubeen Garg from Singapore authorities.
1 min
November 02, 2025
The Morning Standard
HC seeks SOPs for cellphone use in open jail
THE Delhi High Court has directed the Director General (Prisons) to frame and notify a Standard Operating Procedure (SOP) governing the use and access of mobile phones by inmates lodged in open prisons.
1 min
November 02, 2025
The Morning Standard
The Alpha School Project: A Daring Innovation
The Alpha Schools enterprise is a highly innovative experiment in school education in the US that commenced in 2014 based essentially on the use of AI. It is a bold departure from the traditional.
2 mins
November 02, 2025
The Morning Standard
Connect Before You Correct
Facts rarely change minds; warmth does. Connection disarms defensiveness, turning resistance into willingness to learn
3 mins
November 02, 2025
The Morning Standard
A Dam Good Weekend
Punekars have a new getaway, and it's not Goa or Karjat, but quiet waters just outside the city
2 mins
November 02, 2025
Listen
Translate
Change font size