WebSep 29, 2024 · A phase out of fiscal incentives: From 2024 through 2024, per-vehicle subsidies were set to gradually decrease by 20 percent from 2016 levels, until the end of the national fiscal incentive program – originally set for 2024. Higher technical standards: Vehicles that qualified for subsidies had to meet stricter technical standards. While the ... WebDownlaod Document. 1. Phased Manufacturing Programme (PMP) to promote indigenous manufacturing of electric vehicle, its assemblies/sub-assemblies and part/sub …
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