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India

Government of India slashes FAME II subsidy incentives to 15% for electric two-wheelers

On May 19, The Ministry of Heavy Industrious announced certain amendments in respect of the Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II), with effect from June 1, 2023. The amendments are applicable to all electric two-wheelers (e-2W) registered on or after....

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