6th edition of ACMA Automechanika New Delhi 2026 begins

The 6th edition of ACMA Automechanika New Delhi 2026 opened its doors at Yashobhoomi, Dwarka, New Delhi, reaffirming its position as India’s definitive platform for the automotive aftermarket and a key convergence p...

Plea to include Auto LPG in TERI-led fuels study

The Indian Auto LPG Coalition (IAC) has submitted a formal representation to the Petroleum and Natural Gas Regulatory Board (PNGRB), urging the inclusion of Auto LPG (Autogas) in the ongoing TERI-led study titled “C...

Union Budget 2026-27: The annual jamboree continues

I call the Union Budget exercise an annual jamboree. While ordinary citizens look forward to benefits that accrue directly to them in terms of income tax reliefs or cost cuts in their daily items of purchase, variou...

Jeep announces strategic plan Jeep 2.0 to boost product momentum in India

Jeep, the iconic SUV brand with 85 years of global heritage, reaffirmed its commitment to Asia Pacific with India at the center of its Strategic Plan Jeep 2.0. This plan for India reflects Jeep’s vision to build end...

ACMA Automechanika New Delhi 2026 will see strong global participation

The sixth edition of ACMA Automechanika New Delhi, India’s premier international trade fair for the auto component and automotive aftermarket industry, will bring together over 870+ exhibitors, serving as a key conv...

Shifting sands of India’s electric two wheeler industry

The latest retail sales data released by the Federation of Automobile Dealers Associations of India (FADA) reveals an interesting trend. Leading the pack of retailers are two major ICE players, TVS Motor Company and...

Neolite ZKW holds commemorative ceremony of Pune lighting plant

Neolite ZKW Lightings Limited, an established manufacturer and global supplier of automotive lighting products and components for OEMs, across a broad spectrum of vehicle categories for passenger vehicles, commercia...

JK Tyre inaugurates phase III expansion of Banmore plant

Indian tyre industry major and a market leader in the radial tyre segment, JK Tyre & Industries Ltd., inaugurated the Phase III of capacity expansion and modernisation at its state-of-the-art Passenger Car Radial (P...

Skoda Auto Volkswagen India achieves record domestic sales of 117,000 units

Skoda Auto Volkswagen India (SAVWIPL) closed 2025 with one of its strongest performances to date, supported by a resilient industry recovery and rising demand across segments. The group reported its highest-ever dom...

Ather Energy riders have access to 5000+ fast chargers across India

Ather Energy announced that Ather riders now have access to 5000+ public fast chargers equipped with the LECCS (Light Electric Combined Charging System) connector. This network spans across 395+ cities and includes ...

Suzuki Motorcycle India hits 10 million units production milestone in its 20th year

Suzuki Motorcycle India (SMPL) announced a major landmark in its manufacturing journey with the roll-out its 10 millionth two-wheeler from its Gurugram (India) plant. This achievement reflects SMIPL’s steady growth ...

TATA.ev surpasses 250,000 EV sales; Major EV expansion soon

Tata Motors marked a defining milestone in India’s electric mobility journey, with over 250,000 TATA.ev vehicles plying on road, affirming its position as the pioneer and market leader in India’s growing electric pa...

ICOTY 2026 goes to Maruti Suzuki Victoris, IMOTY to TVS Apache RTX 300

The ICOTY and IMOTY Awards 2026, presented by JK Tyre, took centre stage in New Delhi at one of the industry’s most anticipated evenings. The ICOTY Awards, now in their 21st year, and the IMOTY Awards, in their 19th...

Ather Energy to venture into auto insurance distribution

Ather Energy has confirmed its plans to enter the auto insurance services space by incorporating a wholly owned subsidiary that will operate as a corporate agent. In an effort to make the ownership experience more s...

Esyasoft e-Mobility,  Park+ to deploy 10,000 EV chargers across India

In a major push to accelerate India’s clean mobility transition, Esyasoft e-Mobility and Park+, India’s largest community and corporate mobility platform, have announced a strategic partnership to deploy 10,000 EV c...

Bijliride expands its two-wheeler EV rental services

Bijliride, one of India’s fastest-growing two-wheeler EV rental platforms, announced its expansion into three major cities, Bengaluru, Mumbai, and Delhi NCR, marking the next big leap in its two-wheeler EV rental ex...

Maruti Suzuki ties up with 13 CPOs for pan India EV charging platform

Maruti Suzuki India announced a historic signing of collaboration agreements with 13 Charge Point Operators (CPOs) and aggregators to provide seamless charging experiences on a single platform.

TVS Motor Company, BMW Motorrad surpass 2 lakh units milestone

TVS Motor Company (TVSM), and BMW Motorrad announced a landmark achievement of 200,000 units produced under their long-term partnership.

JSW MG Motor India sells 50,000 units of MG Windsor in under 400 days

JSW MG Motor India announced that the MG Windsor has crossed the 50,000 sales milestone in just over a year, marking a historic achievement for the company. With this, the MG Windsor becomes India’s first EV to cros...

Bentley announces updates to Beyond100+ ambitions

Bentley Motors announced a series of updates to its forward-thinking Beyond100+ strategy, reflecting current market and customer perspectives. In a press conference streamed live from Bentley’s home in Crewe, and th...

SIAM’s Automotive HR & Skilling Conclave 2025 explores future of talent, skills

The Society of Indian Automobile Manufacturers (SIAM) organised the Automotive HR & Skilling Conclave 2025 recently in Chennai, Tamil Nadu, under the theme ‘Accelerating Ahead: HR and Skilling for the Future of Mobi...

Maruti Suzuki Jimny 5-door crosses cumulative exports of 1 lakh units

Maruti Suzuki India announced that the Jimny 5-door has achieved a landmark milestone, surpassing a cumulative export figure of 1 lakh units from India.

Hyundai Motor India plans Rs 45,000 crore Investment by FY 2030

Hyundai Motor India Limited (HMIL) hosted its first-ever Investor Day, presenting a comprehensive strategic road map that includes India centric product expansion plans, advanced manufacturing, deep localisation and...

Hyundai Motor India appoints Tarun Garg as MD & CEO

Hyundai Motor India Limited (HMIL) has announced the appointment of Tarun Garg as the next Managing Director and Chief Executive Officer of the company, subject to approval of shareholders, effective January 01, 202...

Micelio Mobility event deliberates on future of EVs in India

Micelio Mobility’s annual flagship event, the ‘Global Clean Mobility Summit 2025’ concluded in Bengaluru, spotlighting innovation, collaboration, and leadership in sustainable transport.

Ather Energy crosses 5,00,000th electric scooter production milestone

Ather Energy Limited announced a significant production milestone with the roll-out of its 5,00,000th vehicle from its manufacturing plant in Hosur, Tamil Nadu. The milestone vehicle was Ather’s flagship family scoo...

JSW MG Motor India deploys 80% women workforce at battery assembly shop

JSW MG Motor India announced that its battery assembly shop in Halol, Gujarat has achieved a remarkable milestone by reaching 80% gender diversity across operations.

Visteon launches Scholar programme in India for engineering colleges

Visteon Corporation, a global leader in automotive electronics and connected cockpit solutions, announced the launch of Scholar, a flagship programme under Visteon University across 26 engineering colleges in India.

ACMA’s 65th Annual Session highlights supply chain resilience

The Automotive Component Manufacturers Association of India (ACMA), the apex body of the Indian auto component industry, convened its 65th Annual Session in New Delhi.

SIAM discusses changing global dynamics at 65th annual convention

The Special Plenary Session 3 at the 65th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) on “Changing Global Dynamics: Implications for India in Evolving Landscape” emphasised the critica...

FADA 7th Auto Retail Conclave affirms “Self-Sustaining Success”

The Federation of Automobile Dealers Associations (FADA) hosted the 7th edition of the Auto Retail Conclave, centered around the theme "Self-Sustaining Success: Transforming Auto Retail for Naya Bharat."The Conclave...

Large scale Tata.ev MegacCarger hub unveiled on World EV Day

Tata Power, India’s largest vertically integrated power company and the country’s leading EV charging provider, joined hands with Tata Passenger Electric Mobility Ltd., India’s largest 4-wheeler EV manufacturer, to ...

Hero MotoCorp appoints Harshavardhan Chitale as CEO

Hero MotoCorp Limited announced the appointment of Harshavardhan Chitale as its new Chief Executive Officer (CEO), effective Monday, January 5, 2026, following approval of the Board of Directors.

Vedanta boosts metal manufacturing to advance EV industry

On World EV Day, Vedanta Limited, India’s leading critical minerals, energy transition metals, oil & gas and technology conglomerate said it is set to boost metal manufacturing for the evolving needs of the country’...

Renault India kickstarts festive season with mega deliveries

Marking yet another significant milestone, Renault India, a fully owned subsidiary of the French carmaker Renault Group, announced 300+ customer deliveries of its popular models across Kerala, during the auspicious ...

Reactions on GST cut: A tailwind for the auto sector

Business leaders, automotive bodies, researchers and analysts have all hailed the steps taken at the 56th meeting of the GST council on Sept 03 towards GST reforms.

BYD India marks 10,000 deliveries, driving innovation, sustainability

BYD India, a subsidiary of BYD, the global No. 1 NEV (New Energy Vehicle) manufacturer, is celebrating a landmark moment with the delivery of its 10,000th electric vehicle in India.

Honda to showcase a variety of products at Japan Mobility Show 2025

Honda Motor Co. has announced plans to exhibit a wide variety of Honda mobility products, including motorcycles, automobiles, power products and aircraft, as well as related technologies and concept models at the Ja...

Eveium Smart Mobility, SunEdge deliver 150 EV scooters in Pune

Eveium Smart Mobility, a leading innovator in electric mobility solutions, in collaboration with SunEdge, a renowned name in sustainable automotive distribution, announced the successful delivery of 150 electric tw...

E 20 petrol causes “drastic” reduction in fuel efficiency, is misplaced: Govt

Critiques suggesting that E20 causes a “drastic” reduction in fuel efficiency are misplaced. Vehicle mileage is influenced by a variety of factors beyond just fuel type.

Omega Seiki Mobility to invest $25 million in EV assembly plant in Dubai

Omega Seiki Mobility (OSM), a leading Indian electric vehicle manufacturer, has launched its first international electric vehicle assembly plant in Jafza, investing USD 25 million (AED 92 million)over the next five ...

Primus Partners report highlights localising rare earth magnet production

India’s push toward clean mobility, green energy, and advanced manufacturing is facing a hidden vulnerability: its near-total reliance on imported rare-earth magnets. A new report by Primus Partners, From Extraction...

Ather Energy crosses 400 Ather grid fast charging points milestone in Tamil Nadu

Ather Energy has announced that it has crossed the milestone of 400 Ather Grid fast charging points across Tamil Nadu.

Hyundai Motor India accelerates youth empowerment in the country

Marking International Youth Day 2025, Hyundai Motor India reaffirmed its enduring commitment to empowering the youth of India. Driven by a future-focused, multi-dimensional approach, HMIL through the initiatives of ...

India’s auto industry charts biofuel-driven future at SIAM meet

The Society of Indian Automobile Manufacturers (SIAM), under its Jaivik Pahal (Bio Initiative) campaign, hosted the 4th International Conference on World Biofuel Day 2025 in New Delhi, themed “Indian Auto Industry’s...

“Citroen 2.0 Shift into the new” strategic vision rolled out

Citroen India announced a bold new chapter in its journey with the launch of “Citroen 2.0 – Shift Into the New” strategic plan.

Acma hosts first edition of Steer 2025 on automotive aftermarket

The Automotive Component Manufacturers Association of India (ACMA) convened the inaugural edition of Steer 2025 (Safe, Tech, Empower & Engage, and Reach) in New Delhi, a national aftermarket confluence aimed at char...

Honeywell, Stereolabs develop mobile solution to simplify logistics

Honeywell has announced its collaboration with Stereolabs on the development of a new mobile solution that can quickly and accurately measure the size, volume and weight of boxes and pallets in a distribution center...

Force Motors launches Force iPulse in tie up with Intangles

Force Motors, a key automotive player and India’s largest van manufacturer has announced the launch of Force iPulse, a next-generation connected vehicle platform that introduces a new standard in operational intelli...

600,000th Mercedes-Benz G-Class: Success story continues

Production anniversary for a brand icon: the 600,000th model of the legendary Mercedes-Benz G-Class rolled off the production line in Graz, Austria – a Mercedes-Benz G 580 with EQ Technology

MG Motor marks six years in India; Special anniversary prices announced

JSW MG Motor is celebrating its sixth anniversary in India, by announcing special anniversary pricing for limited period, 100% on-road funding and EMI holiday options on Hector and Astor.

400+Ather Grid fast charging points milestone in Maharashtra

Ather Energy, India's leading electric two-wheeler manufacturer, announced that it has crossed the milestone of 400 Ather Grid fast charging points across Maharashtra.

Over 1.2 million Hyundai Creta sold in India in last decade

Hyundai Motor India is celebrating 10 glorious years of the Hyundai Creta in India. What began in July 2015 as HMIL’s bold step into the mid-SUV segment, has today become a name synonymous with power, style and aspi...

Ather Rizta electric scooter crosses 1 lakh unit retail sales mark

Ather Energy Limited, India’s leading electric two-wheeler manufacturer, announced that its family scooter, the Rizta, has crossed the 1 lakh unit retail sales milestone within a year of its launch.

Steelbird Hi-Tech clocks 8.7 million helmet sales in FY 2024-25

Steelbird Hi-Tech India Limited, the world’s largest helmet manufacturer, has achieved another strong performance in fiscal year 2024-25, recording sales of 8.7 million helmets — a remarkable jump from 8 million uni...

BMW Group India delivers strong performance in Q1

Beginning 2025 with a strong start, BMW Group India has delivered its best-ever Q1 car deliveries with +7% growth. The company delivered 3,914 cars (BMW and MINI) and 1,373 motorcycles (BMW Motorrad) between January...

ACMA hopeful despite US tariffs on auto components

The Automotive Component Manufacturers Association of India (ACMA) has taken note of the recent executive order signed by U.S. President Donald Trump on April 2, 2025, as part of the “Liberation Day” initiative. It ...

SIAM hosts 19th Styling & Design Conclave alongside 17th Automotive Design Challenge

The Society of Indian Automobile Manufacturers (SIAM) successfully organised the 19th SIAM Styling & Design Conclave alongside the 17th Automotive Design Challenge (ADC). Themed "Innovating Today, Inspiring Tomorrow...

Ather Energy expands R&D capabilities with expansion of The Juggernaut

Ather Energy Limited, one of India’s electric two-wheeler manufacturers, announced the expansion of its R&D and testing capabilities at its Product Testing & Validation Centre-

Advik Hi-Tech showcases advanced composite brake & clutch actuation systems

Advik Hi-Tech Pvt. Ltd., a global leader in automotive technology and a trusted partner to top-tier OEMs worldwide, unveiled a pioneering portfolio of products at the Auto Component Expo – Bharat Mobility Global Exp...

Electric vehicle maker Okaya EV rebrands as OPG Mobility

In a strategic move to meet the growing demands of India’s electric mobility market, Okaya EV has unveiled its new brand identity, OPG Mobility.

Osamu Suzuki of Suzuki Motor Corporation, aged 94,  passes away

They say it was the Osamu Suzuki magic that transformed India’s automobile industry in 1981 with the setting up of Maruti Udyog Ltd (now Maruti Suzuki India Ltd) in India. That’ not fiction, it is a fact. The man be...

Volvo Group partners with Indian universities to shape future automotive talent

Furthering its commitment to bridge the gap between academia and industry, Volvo Group India Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with Amrita University and Thapar Institute for engineering stude...

Industrialist Ratan Naval Tata, an embodiment of passion and compassion, is no more

The days of giants walking our planet have gone. The days when men walked tall, are over too. Ratan Naval Tata, an Indian industrialist, known globally for his compassion, passion and a zeal for enterprise, besides ...

TSF Group showcases exhaustive product line for global markets at IAA’24

The TSF Group, that derives its legacy from the erstwhile TVS group – one of the largest automotive groups based in India – is showcasing its exhaustive product offerings including brakes, axles& wheels aimed primar...

Chandigarh leads in EV adoption, charging infrastructure in India

HERE Technologies, the leading location data and technology platform, in collaboration with SBD Automotive, a global automotive research firm, unveiled anElectric Vehicle (EV) Index for India.

Tamil Nadu CM inaugurates Renault Nissan Tech workspace in Chennai

Renault Nissan Technology & Business Centre India Private Limited (Renault Nissan Tech), a global automotive technology and business centre supporting Renault and Nissan globally with innovative mobility solutions, ...

Volvo Group collaborates with Indian supply partners for climate neutral journey

Volvo Group is committed to becoming a climate-neutral company by 2040, and this commitment includes its supply chain and global suppliers from India. In 2022, Volvo Group developed and started sourcing fossil free ...

Amazon partners Gentari to deploy new electric vehicles in India

Amazon India and Gentari Green Mobility Business (Gentari) announced a strategic fleet management partnership with the goal of boosting zero-tailpipe emission deliveries in India.

GLIDA Inaugurates largest EV charging hub in Hyderabad

GLIDA, one of India's leading public EV Charge Point Operators (formerly known as Fortum Charge & Drive India), announced the inauguration of its largest electric vehicle charging hub in Hyderabad with 102 charging ...

Lectrix EV powers up Jumppers with 500 electric vehicles for green fleet

Lectrix EV, one of India’s leading 2WEV companies, has formed a strategic partnership with FYC Tech Pvt Ltd, popularly known as Jumppers, a pioneering last-mile delivery venture utilising an electric fleet.

No Indian auto maker has implemented JIT end-to-end in supply chain

Vector Consulting Group, India's fastest-growing management consulting company, unveils an in-depth research-based report on the Indian auto manufacturing industry.

ZF rebrands its passive safety systems division to ZF Lifetec

ZF Group has announced the rebranding of its Passive Safety Systems division to “ZF LIFETEC”. The new branding is part of the current legal separation of the Passive Safety Systems division within the ZF Group.

MG Motor India is now JSW MG Motor India Pvt Ltd

SAIC Motor, a global Fortune 500 company with annual revenues of around US$ 110 billion and a presence in over 100 countries and the US$ 23 billion JSW Group, (India’s leading conglomerate with interests across B2B ...

India’s first automobile in-plant railway siding at Suzuki Motor Gujarat

Prime Minister Narendra Modi inaugurated India's first automobile in-plant railway siding at Suzuki Motor Gujarat Private Limited, a wholly-owned subsidiary of Maruti Suzuki India Limited (MSIL) via video conferenci...

Greaves Cotton champions women and inclusion

Greaves Cotton Limited announced the launch of a stirring Rap Anthem video titled '#CountMeIn' celebrating International Women's Day 2024.

Maruti Suzuki Arena celebrates with launch of ’Arena Journeys’

Celebrating the women who are breaking barriers nationwide, Maruti Suzuki India Limited has launched its new digital campaign ‘Arena Journeys’ under the Maruti Suzuki Arena brand

Significant lack of female representation, says CEO of Oben Electric

On International Women’s Day 2024, Madhumita Agrawal, Founder and CEO of Oben Electric noted that the Indian auto industry faces a critical challenge: a significant lack of female representation, particularly in lea...

Zypp Electric plans to empower 2000 women riders

In celebration of International Women's Day, Zypp Electric, India's leading tech-enabled EV-as-a-service platform, announced a pioneering initiative to empower women within the green mobility sector.

Asiabrake 2024 explores latest advancements, trends in brake systems engineering

Asiabrake 2024, the 10th Annual Conference & Exhibition has brought together industry leaders, experts, and enthusiasts to explore the latest advancements and trends in brake systems engineering.

XLRI Delhi-NCR to set up India’s first dedicated school of automobile design, management

Driven by a strong post-pandemic revival, evolving consumer tastes and need for sustainable mobility solutions, India's automotive sector is poised for its next phase of growth. A critical component will be the capa...

Ajay Shanker is Ultraviolette CFO; Company partners with Mantra Academy

Ultraviolette Automotive, an electric two wheeler manufacturer, has appointed Ajay Shanker as its Chief Financial Officer (CFO). Ajay comes with a rich background spanning over 25 years in pivotal financial roles at...

Omega Seiki, Attero plan to recycle over 100 MWh of battery in next 3-4 years

In a landmark move for both the electric vehicle (EV) sector and e-waste management, Omega Seiki Private Limited (OSPL), a prominent figure in the electric vehicle industry, and Attero, a distinguished leader in e-w...

5th edition of ACMA Automechanika New Delhi show begins in Capital

The 5th edition of ACMA Automechanika New Delhi 2024 has raised its curtain at Pragati Maidan, New Delhi. The show began with a renewed enthusiasm from the industry and is pleased to welcome 500+ exhibitors from Ind...

TVS Eurogrip displays future-ready products a Bharat Mobility Global Expo 2024

TVS Eurogrip, one of India’s leading manufacturers & exporters of two-wheeler, three-wheeler and Off-Highway Tyres, exhibited their flagship products in the two-wheeler & off-highway segments at the Bharat Mobility...

Big thrust on strengthening  EV ecosystem in Interim Budget 2024-25

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

HMI completes acquisition of General Motors India Talegaon Plant

Hyundai Motor India has completed acquisition and assignment of identified assets at General Motors India’s Talegaon Plant in Maharashtra. The acquisition has been completed post fulfilment of certain conditions and...

HMSI inaugurates new 3rd assembly line at Gujarat plant

Honda Motorcycle & Scooter India(HMSI) inaugurated a new3rd assembly line at its fourth two-wheeler plant at Vithalapur in the state of Gujarat (India)adding a capacity of 6.5 lakh units

5th edition of ACMA Automechanika New Delhi gets bigger, better

The three-day 5th edition of ACMA Automechanika New Delhi is scheduled to hit the ground from February 1 to 3, 2024 at Pragati Maidan, New Delhi bringing together 500+ exhibitors from 12 countries.

Tata Passenger Electric Mobility inaugurates exclusive TATA.ev stores

Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors launched its Tata.ev stores, catering solely to EV customers, in the prominent auto hubs of Sector 14 and Sohna Road, Gurugram. These stores will ...

India should avoid going the US way and slow down buying of SUVs

India a country with one of the highest fatal road accidents should avoid going the United States (US) way of going in for more for Sports Utility Vehicles (SUVs) as they make the roads less safe for other small c...

Cashless medical treatment to all injured accident victims soon, says Govt

Union Ministry of Roads Transport & Highways (MoRTH) is planning to introduce cashless medical treatment to all injured accident victims across the nation within the next three to four months.

Luxury Ride expands inventory of luxurious cars to 75+ this festive season

As festive season is one of the most crucial times for marketers, Luxury Ride, a one-stop destination for the most opulent range of pre-owned luxury cars, has expanded its inventory size to 75+ for pre-owned luxury ...

Maruti Suzuki crosses 10 lakh automatic vehicle sales milestone

Maruti Suzuki India Limited (MSIL) has crossed the 10 lakh automatic vehicle sales milestone. As a pioneer brand in automotive innovation, Maruti Suzuki has played a critical role in popularising two-pedal automatic...

BMW Group India records best-ever year to date performance for all brands

After posting the best-ever half-year in 2023, BMW Group India continues the success story by posting the best-ever year to date sales (January – September) – for all three brands – BMW, MINI and BMW Motorrad. In th...

Ground-breaking innovations unveiled as TrafficInfraTech Expo opens its doors

October 11, 2023 marked the inaugural day of the highly anticipated TrafficInfratech Expo with its concurrent shows Parking Infra Tech Expo, Road Infra Tech Expo and Smart Mobility Expo. The event kicked off at Prag...

Mercedes-Benz sells 12,768 cars in Jan-Sept 2023; registers 11% YOY growth

Luxury car maker Mercedes-Benz India announced strong sales momentum in the January-September 2023 period, delivering 12,768 new cars to customers. With a growth of 11% YTD, Mercedes-Benz continued to witness all-ro...

Maruti Suzuki Grand Vitara clocks fastest 1 lakh unit sales in mid-SUV segment

Maruti Suzuki Grand Vitara rings in its first anniversary with a remarkable milestone of fastest 1 lakh sales in the Mid-SUV segment in less than a year. This achievement is a testament to Grand Vitara's astounding ...

Gogoro, Swiggy announce electric vehicle partnership in India

Gogoro Inc, a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, announced a vehicle partnership with Swiggy, India’s leading on-demand convenience deliver...

Government to continue FAME subsidy

The government is continuing with the FAME subsidy to bridge the price difference in EV




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