What electric two-wheeler makers need from Budget

economictimes.indiatimes.com:

Though all such data are quite encouraging, electric two wheeler sales slowed down significantly earlier this year after the govt reduced subsidies provided under the FAME Scheme which is an abbreviation for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India.

In FY24 till December, 6,42,048 units of electric two-wheelers were sold in the country. Considering average sales of more than 60,000 units per month, total sales in the financial year should comfortably cross FY23's sales figures. However, it would still miss Niti Aayog's ambitious target of 1.9 lakh per month sales.

EV two-wheelers need more boost?
The EV sector initially needed a huge push from the government in its infancy and it did get that. The Indian government brought the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, under National Mission on Electric Mobility in 2011/National Electric Mobility Mission Plan 2020, in 2013 to give the sector the necessary boost.

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The First Phase of the scheme was initially approved for a period of 2 years, commencing from 1st April, 2015. The scheme has been extended from time to time till 2019. Later, the government brought the second iteration of the scheme, FAME II, from 2019 which has been extended till May 2024. FAME II, which had an outlay of Rs 10,000 crore from FY20 to FY22, meant to «encourage Faster