Japan’s Musashi Seimitsu Enters into Indian EV Market with INR 70 Crore Investment

The plan is from October this year, it will manufacture the e-Axle at its Bengaluru plant.

FAME II | June 17, 2023 | By Nivedita Ojha 1030

FAME II Subsidy on Electric Two Wheelers to Reduce from June

The subsidy on electric two-wheelers would be slashed to INR 10,000/kWh from INR 15,000/kWh of battery capacity. Meanwhile, the incentive cap will be cut from 40 percent of the ex-factory price to 15 percent.

FAME II | May 22, 2023 | By Anurima Mondal 1302

Centre Grants INR 800 crore for Establishing Over 7000 EV Charging Stations

The Ministry of Heavy Industries has issued 70 per cent i.e. INR 560 crore of the allocated INR 800 crore to Indian Oil Corporation (IndianOil), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL).

FAME II | March 28, 2023 | By Nivedita Ojha 1646


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