3 insights to kick-start your day, featuring why EV companies are unhappy

Lesser FAME This just happened. FAME subsidy outgo revised down by 40%. Hidden in plain sight. The Ministry of Heavy Industries has disbursed around INR3,000 crore of incentives under the FAME II policy, as compared to around INR5,000 crore they had claimed on its website days ago. The number of electric two wheelers supported by the policy has also been slashed by 40%. The FAME II policy, valid till March 2024, now stares at only 30%