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Demand for electric two wheelers slowing down due to reduced govt subsidy: Report

by AIP Online Bureau | Aug 18, 2023 | Data, Non-Life, Technology

Sales of electric two wheelers also significantly declined in Q1 FY24 due to the government withholding FAME subsidies for certain Original Equipment Manufacturers (OEMs), it said Additionally, the report said that a subsidy reduction to Rs 10,000 per kWh from Rs...

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