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Expect EV sales at 74k units this fiscal, FAME II confusion affecting demand: SMEV

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Press Trust of India New Delhi
Last Updated : Sep 23 2018 | 10:35 AM IST

Electric vehicle sales in India in the ongoing fiscal are likely to be around 74,000 units as confusion over FAME II scheme is affecting growth, according to a senior official of industry body SMEV.

In 2017-2018, as per Society of Manufacturers of Electric Vehicles (SMEV) data, EV sales stood at around 56,000 units as against about 25,000 units in 2016-17.

"If FAME II scheme would have come and had the manufacturers started preparing from April, we would have touched 1 lakh units of EV sales this fiscal," SMEV Director General Sohinder Gill told PTI.

He further said, "Amidst the chaos and confusion (around FAME II) sales of EV will be around 74,000 units this fiscal."

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First Published: Sep 23 2018 | 10:35 AM IST

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