Industry data shows automobile makers sold only about 600 fewer strong hybrid cars — which combine a petrol or diesel engine with electric motor — than electric cars between Oct 2022 and May 2023.
Modifications to Faster Adoption of Manufacturing of Electric Vehicles (FAME-II) scheme reduces incentives cap for two-wheelers to 15% of ex-factory price, instead of current 40%.
In the first six months of FY 2022-23, India saw highest-ever EV sales where UP and Delhi are leading. Meanwhile, states with larger incentives see superior e-2W market growth.
While US & Indian officials have signaled that a deal was within reach, talks have dragged on amid disputes over tariffs, market access & protections for politically sensitive sectors.
Under the agreement, the loitering munitions will be offered to the Indian Army as part of efforts to address what the companies described as an ‘urgent requirement’.
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