EV Manufacturers Received ₹52 Billion in Subsidies Until December 1, 2023
A capital subsidy of ₹8 billion has been provided to three oil marketing companies
December 6, 2023
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Subsidies worth ₹52.28 billion (~$627 million) have been disbursed to electric vehicle (EV) manufacturers on the sale of ~1.15 million EVs, as of December 2023, in a bid to improve faster adoption of EVs in India, Ministry of Heavy Industries informed the Lok Sabha.
