Electric Vehicles

FAME II Revision: 21% average price hike by E2W OEMs and over 55% decline in sales in June 2023

FAME II Revision: 21% average price hike by E2W OEMs and over 55% decline in sales in June 2023 On May 19, 2023, the government announced reduction in FAME-II subsidy on electric two wheelers registered on or after June 1, 2023. For electric two wheelers, the demand incentive is now INR 10,000/kWh which was earlier INR 15,000/kWh. Furthermore, the incentive cap has been scaled down from 40% (before June 1, 2023) of the E2W’s ex-factory price to 15%. Table 1:…

Read More

EV sales in India surpassed the 1 million mark in FY2023

EV sales in India surpassed the 1 million mark in FY2023 The year FY2023 has seen an overwhelming response for EV sales in India. EV sales in the country surpassed the 1 million mark in a year for the first time. While total EV sales were just above 4.5 lakh units in FY2022, the same reached the mark of over 12.4 lakh units in FY2023*, registering a growth of 172% over the previous year. Source: Vahan Dashboard, Telangana data, JMK…

Read More

Under FAME II, 70% funds remaining to be utilized

Under FAME II, 70% funds remaining to be utilized The Government of India (GoI) had approved the scheme titled ‘Faster Adoption and Manufacturing of Electric (&Hybrid) Vehicles in India’ (FAME India) in March, 2015 for a period of 2 years. On 8th March 2019, the Ministry of Heavy Industries (MHI) notified Phase-II of the Scheme for a period of 5 years, commencing from 1st April 2019, with an outlay of INR 10,000 crore. 100% of the budget allocated at the…

Read More

EV manufacturing in Rajasthan gets impetus with 5 industrial corridors being promoted as EV, battery manufacturing hubs

5 industrial corridors being promoted as EV, battery manufacturing hubs in Rajasthan As announced in the state EV policy, the government of Rajasthan in January 2023 affirmed that it will work on developing five industrial corridors as Electric Vehicle (EV) and batteries manufacturing sectors along with incentives to promote use of EVs. The state EV policy mentions that the government envisages to enable an environment for manufacturing of EVs and batteries. The five industrial regions shortlisted for the development include:…

Read More
About Us

JMK Research & Analytics is a specialist consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segments.

Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

Contact Us

JMK Research & Analytics

Enkay Towers, 5th Floor, Unit No. 12, Udyog Vihar, Phase V, Sector 19,  Gurgaon- 122016

Phone: +91-7428306655
Email: contact@jmkresearch.com

Follow Us
Subscribe US