Between FAME and fortune, EV players worried about their investments

The prospect of the government withdrawing its signature scheme after the March 2024 deadline is likely to hurt dozens of start-ups that rode in on the back of subsidies

Nitin Kumar |Business Standard | New Delhi
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Between FAME and fortune, EV players worried about their investments

6 min read Last Updated : Jan 11 2023 | 10:08 PM IST

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India’s electric vehicle (EV) industry touched the milestone of one million unit sales in calendar year (CY) 2022, accounting for 4.7 per cent of the overall automobile sales. That is a fraction of EV

Topics :Electric VehiclesInvestmentFAME-IIautomobile salesEV market India

First Published: Jan 11 2023 | 7:27 PM IST

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