TriArk

The Government of India (GOI) has extended the FAME-II scheme by two years, until March 31, 2024. This extension aims to accelerate EV adoption across the country.

As part of the extended scheme, the GOI has made significant modifications to further boost the EV market. Notably, the demand for incentives for two-wheeler EVs has increased by 50%. Additionally, the capping incentives on the retail price of two-wheeler EVs have been raised from 20% to 40%. The scheme also provides attractive incentives of up to INR 1,50,000 for four-wheeler EVs.

These modifications are expected to bring the price of electric two-wheelers closer to that of internal combustion engine (ICE) vehicles, benefiting both original equipment manufacturers (OEMs) and buyers. As EVs become more affordable, widespread adoption is expected to transform the Indian mobility ecosystem.

This move not only supports the development of a greener transportation ecosystem but also creates new opportunities for businesses operating in the EV sector. Connect with us at www.triark.capital to learn how to capitalize on upcoming opportunities and give your business an undeniable edge.

At Tri-Ark, we believe that every step towards green last mile delivery is a step towards saving the planet. By funding last-mile EVs and connecting drivers with our zero fleet zero maintenance model, we're enabling businesses to reduce their carbon footprint and contribute to a more sustainable future. Join us in building a greener and cleaner tomorrow.

Learn more at www.triark.capital