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    View: FAME III, tax rationalization, PLI tweak & more - What the Indian EV sector needs from Budget 2024-25

    India, as per IBEF, is the world’s third-largest automobile market and supports the EV 30@30 Campaign. The Finance Minister, Smt. Nirmala Sitharaman, will table the Union Budget 2024-25 next month.

    Renewable energy accounted for 71 per cent of India's new power generation in FY 24

    India's total installed energy capacity has now reached 442 GW, with RE comprising approximately 33 per cent (144 GW) and hydro contributing 11 per cent (47 GW), according to the report by CEEW Centre for Energy Finance (CEEW-CEF).

    Electric vehicle sales rise 148% to race past 1.18 million

    EV retail sales hit a new monthly peak of 140,509 units in March, according to data on the government’s Vahan website. Fleet operators and individuals buying two- and three-wheelers are the main drivers of EV sales.

    Electric vehicle sales to cross 2 million in FY24: Experts

    EV fleet operators and individuals buying two- and three-wheelers have been the main drivers of this growth, with new launches and increased availability of charging points, along with low running costs, attracting buyers. Electric two- and three-wheelers accounted for maximum sales this fiscal at 690,000 units and 372,000 units, respectively.

    India needs USD 7.2 bln investment to promote integrated solar module manufacturing: Report

    To promote domestic solar manufacturing, the government has already announced multiple measures over FY 2021-22, including allocating USD 3.2 billion (Rs 24,000 crores) through the production-linked incentives scheme and levying a basic customs duty of 25 per cent and 40 per cent on all imports of solar cells and modules, respectively.

    India adds 15.5 GW non-hydro renewable energy capacity in FY22: Report

    "New renewable energy capacity addition doubled during FY22. New capacity addition of non-hydro renewable energy increased to 15.5 GW during FY22 compared to just 7.7 GW installed in the preceding fiscal year," it said.

    The Economic Times
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