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Festive cheer for PVs in rural markets
Over the last five years, the rural market has witnessed significant reforms enabling the Indian population to move up the value chain and expand income levels. Even the COVID-19 pandemic turned positive for the rural market as considerable young migrant labourers returned to their villages and took up entrepreneurship to setup small tertiary farm businesses, thereby creating new income opportunities for families. This, combined with relatively low potency of COVID-19 cases and a goo...
Gujarat announces comprehensive EV Policy; aims to become EV hub
Gujarat has become the latest state to announce a comprehensive electric vehicle (EV) policy. While automakers across segments have welcomed the move that will see the enabling of faster adoption of electric vehicles in the country, one needs to keep an eye on how these incentives will unfold vis-a-vis higher buyer demand. "In line with its clear policy to encourage EV adoption, the Government has extended the FAME II policy by 2 years. This, coupled with recent changes in incentive s...
