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 https://ift.tt/2ZWdkdh