TL;DR
India's EV two-wheeler industry awaits FAME III policy, expecting new incentives to boost growth, localization, and adoption post-FAME II.
The Indian electric two-wheeler industry is keenly awaiting the announcement of the FAME III (Faster Adoption and Manufacturing of Electric Vehicles) policy. Following the conclusion of FAME II, stakeholders anticipate that the new policy will provide crucial incentives and clarity, fostering sustainable growth and boosting consumer adoption. Industry experts suggest FAME III could focus on localization of components, battery technology advancements, and a more streamlined subsidy distribution. A robust policy framework is essential to maintain the momentum in EV adoption and meet India's ambitious electrification targets.