Electric 2-wheeler makers learning to survive without subsidy, FAME II not worked: SMEV - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Electric 2-wheeler makers learning to survive without subsidy, FAME II not worked: SMEV

The Society of Manufacturers of Electric Vehicle (SMEV) said after getting a "shock" when FAME II was implemented from April 1, 2019, the industry has devised ways to keep afloat by selling low to mid-speed vehicles, which don't qualify for incentives at heavy discount but incurring losses in the process.

from Auto-Industry-Economic Times
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