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Electric two-wheeler manufacturers struggle to find local suppliers even as deadline expires

Pehal News Team 0 Comments


Due to low gross sales of EVs in India, it has been an uphill activity for automakers to localise these parts.

Synopsis

The authorities extends subsidies of Rs 10,000-20,000 or extra to consumers of electrical two-wheelers to promote EV adoption as a part of the FAME scheme. The beneficiaries of this subsidy embrace Ather Energy, Hero Electric, Okinawa Autotech, Ampere Vehicles, Revolt Motors, Bajaj Auto and TVS Motor.

The deadline to localise a number of key parts on electrical two-wheelers to avail of subsidies below the federal government’s flagship electrical automobiles (EV) promotion scheme expired on March 31, however solely a handful of manufacturers have been in a position to meet the factors thus far, individuals within the know stated.

If corporations fail to adjust to these localisation standards, the subsidies prolonged to them get revoked.

EV makers have lobbied the federal government for an

BY

ET Bureau

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