 "Electric two-wheeler")
Electric two-wheeler (e2W) makers are focusing on reducing the cost of batteries in their vehicles to ensure volumes amid uncertainties around the government subsidy programme.
Players like Lohia Auto, Hop Electric, Ather Energy (Ather), and Simple Energy say they are working on bringing out more affordable two-wheeler models as uncertainties around Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) in India II subsidies remain.
The Centre slashed the FAME II subsidy for e2Ws to Rs. 10,000 per kilowatt hour (kWh) from Rs. 15,000 per kWh in June. Apart from reducing the per-Kwh incentive by Rs. 5,000, the
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