Uncertain future for EV dealers as manufacturers face subsidy halt

Many are considering shutting shop as supplies are down to a trickle and operational costs exceed revenues

Nitin Kumar | New Delhi
Last Updated at February 26, 2023 15:40 IST

The halt on subsidies for several electric vehicle (EV) makers under the flagship Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme by the Centre has now become a pain point for the EV dealers of these defaulting companies. With supplies from these firms dwindling, their dealers claim customers are now shifting to other brands.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

MONTHLY

₹ 249

Select

ANNUAL

₹ 1799

Select

Best Offer

SMART ANNUAL

₹ 1499

₹ 1799

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Pick your 5 favourite companies, get a daily email with all news updates on them.
26 years of website archives.
Preferential invites to Business Standard events.