EV Makers Call for Stability in Incentives Before FAME III Rollout

04 Jul 2024 CW Team

Electric vehicle (EV) manufacturers are advocating for stable and long-term incentives before the rollout of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Phase III. The call comes amid industry concerns over the continuity of subsidies and incentives crucial for promoting EV adoption and manufacturing in India.

The FAME scheme, initiated to accelerate the adoption of electric vehicles and reduce vehicular emissions, has been instrumental in incentivizing EV production and purchase. However, industry stakeholders emphasise the need for clarity and assurance on subsidy continuation beyond the current phases to sustain market confidence and investment.

Manufacturers argue that a stable policy environment with consistent incentives is essential for planning long-term investments in EV manufacturing infrastructure, research and development, and market expansion. They emphasise that any uncertainty in subsidy schemes could deter potential buyers and disrupt supply chain dynamics, impacting the growth trajectory of the EV sector.

Stakeholders within the EV ecosystem are urging the government to provide a clear roadmap for subsidies and incentives under FAME III, aligning with industry growth projections and technological advancements in electric mobility. This proactive approach aims to foster a conducive environment for innovation and investment in sustainable transportation solutions.

The EV industry's appeal underscores the importance of policy continuity and robust support mechanisms to achieve India's ambitious targets for electric mobility adoption. As the government prepares to launch FAME Phase III, stakeholders advocate for policy stability as a critical factor in realising the full potential of electric vehicles in addressing environmental challenges and enhancing energy security.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..