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Affordability of electric mobility has always remained a pain point for both the manufacturers and buyers. The recent amendment in the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) announced by the Department of Heavy Industry on June 11th, 2021, is expected to fast-track adoption of electric mobility in the two-wheeler space in the country, and provide much needed impetus, in terms of demand, to the segment. According to the amendment...
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...
Despite the turbulent times faced by the automotive industry due to the pandemic, Wardwizard Innovations and Mobility Limited, manufacturers of electric two-wheeler, ‘Joy e-bike’ has been going full throttle and has no plans of slowing down. The company plans to launch three new two-wheelers this year, enter new export markets and segments, and expand their dealer network and manufacturing capacity to meet the anticipated demand for electric two-wheelers in both, the Indian as ...
