Monday, July 22, 2024
Outlook India
Outlook Business

Ev Two Wheeler

There is no proposal at present for an extension of FAME-II beyond March 2024 or introduction of FAME-III

The company is aiming to utilise the fund to develop its third manufacturing facility, which is expected to have a one million unit capacity to develop new products

In October last year, the company announced deferring deliveries of its maiden scooter to the March quarter.