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Two-, three-wheeler cos get quarter of FY25 EV subsidies

Mint New Delhi

|

April 02, 2025

The Union ministry of heavy industries spent ₹422 crore—about 27% of its FY25 allocation—towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.

- Manas Pimpalkhare

Under the PM E-drive scheme, the Centre had allocated ₹1,064 crore towards subsidising electric two-wheelers for fiscal year FY25. For the same period, the government had allocated ₹511 crore towards subsidising electric three-wheelers.

Mint New Delhi'den DAHA FAZLA HİKAYE

Mint New Delhi

Mint New Delhi

Indian refiners set for surge in exports

Crippled refineries in Russia and the advancing winter in Europe are expected to pump up demand for Indian petro-products till the end of March.

time to read

3 mins

October 31, 2025

Mint New Delhi

Lenskart IPO today, in test of ₹70,000 cr valuation

As Lenskart opens its initial public offering (IPO) today, gunning for a near-₹70,000 crore valuation, it is set to test investor appetite for one of India's most celebrated new-age consumer-tech stories. The Street is divided-sceptics call the price stretched, but believers bet on 20-30% gains in short term.

time to read

3 mins

October 31, 2025

Mint New Delhi

Mint New Delhi

China opens door to rare earth relief

Four Indian cos get nod; Beijing suspends planned extra curbs

time to read

2 mins

October 31, 2025

Mint New Delhi

Why Indian wealth managers are betting on US Smids

Some of India’s leading wealth managers looking beyond the country’s bustling markets for global diversification are zeroing in on US smalland mid-cap (Smid) stocks, expecting these to deliver better returns than their overheated domestic counterparts.

time to read

1 mins

October 31, 2025

Mint New Delhi

Mint New Delhi

Loans, wealth units to drive Groww's growth

Co looks beyond broking to bonds, commodities as new growth engines

time to read

3 mins

October 31, 2025

Mint New Delhi

Mint New Delhi

Jindal Steel's new CEO says he tends to 'stick around'

Less than 24 hours after his appointment, Jindal Steel Ltd's new chief executive officer (CEO) Gautam Malhotra sought to calm investor nerves on the high churn of senior executives at the billionaire Naveen Jindal-led firm.

time to read

2 mins

October 31, 2025

Mint New Delhi

PRISM moves to raise share capital

Initial public offering (IPO)-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday.

time to read

1 min

October 31, 2025

Mint New Delhi

Mint New Delhi

OpenAl lays groundwork for major IPO at up to $1 tn valuation

OpenAl is laying the groundwork for an initial public offering (IPO) that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time.

time to read

1 min

October 31, 2025

Mint New Delhi

L&T: Robust Q2, yet risks loom

Shares of Larsen & Toubro Ltd hit a record ₹4062.60 on Thursday following a strong show in the September quarter (Q2FY26).

time to read

2 mins

October 31, 2025

Mint New Delhi

Mint New Delhi

Sampling the best of Bangkok's cuisine

With its mix of street food stalls and Michelin-starred restaurants, no city, except perhaps Mexico City, offers the range of food Bangkok does

time to read

5 mins

October 31, 2025

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