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MHI's Rs 800 crore recovery crackdown on EV OEMs is first step towards detangling FAME II subsidy resolution

MHI's Rs 800 crore recovery crackdown on EV OEMs is first step towards detangling FAME II subsidy resolution

Amit Vijay M     calendar04 May 2023

According to Autocar Professional’s estimates, a total of Rs 837 crore in the industry will have to be paid to MHI. The total amount to be realised from the FAME II subsidies stands at Rs 1,500 crore.

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Buoyed by a strong EV order book Sona Comstar posts a 35 percent jump in Q4 revenues News
Buoyed by a strong EV order book Sona Comstar posts a 35 percent jump in Q4 revenues

autherAutocar Professional Bureau calendar03 May 2023

The company has posted a net revenue of Rs 2,676 crore, registering a 26 percent YoY growth.

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SMEV welcomes MHI's efforts to restore status quo News
SMEV welcomes MHI's efforts to restore status quo

autherAutocar Professional Bureau calendar03 May 2023

Terming the news about the Ministry giving clean chits to various companies as a move in the right direction, Gill sai...

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Amara Raja eyeing government's lithium initiatives as it rushes to finish first phase of lithium-ion battery gigafactory by Apr '26 News
Amara Raja eyeing government's lithium initiatives as it rushes to finish first phase of lithium-ion battery gigafactory by Apr '26

By Shahkar Abidi calendar03 May 2023

The company believes it can support the government's push for India to achieve self-sufficiency when it comes to lithi...

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Apollo Tyres collaborates with SAP Cloud as it aims for US$5 billion in revenues by FY26 News
Apollo Tyres collaborates with SAP Cloud as it aims for US$5 billion in revenues by FY26

autherAutocar Professional Bureau calendar03 May 2023

Under Apollo Tyres’ digitalisation efforts, moving to SAP’s integrated and secure cloud platform will enable the compa...

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Autocar Professional’s May 1, 2023, issue is out! News
Autocar Professional’s May 1, 2023, issue is out!

By Chandan B Mallik calendar03 May 2023

This 56-pager is power packed with news, features, interviews and technology articles that will keep you up to date on...

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Altigreen joins hands with Sundaram Finance to provide customised retail financing solutions for commercial EV buying News
Altigreen joins hands with Sundaram Finance to provide customised retail financing solutions for commercial EV buying

autherAutocar Professional Bureau calendar03 May 2023

The partnership is expected to generate significant interest in the market, and customers can look forward to a range ...

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Audi India begins local production of the Audi Q3 and Audi Q3 Sportback in Aurangabad News
Audi India begins local production of the Audi Q3 and Audi Q3 Sportback in Aurangabad

autherAutocar Professional Bureau calendar03 May 2023

With this, Audi India reiterates commitment to Make in India.

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Uno Minda gives additional CEO charge to Sunil Bohra, announces key leadership changes News
Uno Minda gives additional CEO charge to Sunil Bohra, announces key leadership changes

autherAutocar Professional Bureau calendar03 May 2023

Sunil Bohra has played a critical role as Group CFO of Uno Minda, steering the company through the pandemic, and spear...

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Infineon breaks ground on 5 billion-euro semiconductor plant in Germany News International
Infineon breaks ground on 5 billion-euro semiconductor plant in Germany

autherAutocar Professional Bureau calendar03 May 2023

With an investment volume of five billion euros, the new plant is the largest single investment in Infineon's history....

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POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

42.23%

No

 

57.77%

Total Votes : 341