Ad
Ad
Ad
Key Highlights:
• Altigreen EVs now Eligible for EMPS 2024 subsidies, replacing FAME-II.
• Buyers can get incentives up to Rs. 50,000 on Altigreen's electric three-wheelers.
• Aimed at boosting sales and aligning with India's carbon reduction and EV market leadership goals.
Altigreen, a leading EV manufacturer, has announced that all Altigreen EVs are now eligible for subsidies under the central government's newly introduced Electric Mobility Promotion Scheme 2024 (EMPS 2024).
The Indian government has taken an enormous step towards boosting electric mobility by launching the Electric Mobility Promotion Scheme (EMPS) 2024. This scheme, launched by the Ministry of Heavy Industries, intends to accelerate the adoption of electric vehicles (EVs) nationwide.
EMPS 2024 aims to promote the use of electric vehicles to ensure a cleaner and greener environment. EMPS 2024 is a four-month-long temporary EV subsidising scheme that will run from April 1 to July 31, 2024. It replaced FAME-II, which terminated last month after five years. However, it has been relaunched as the Electric Mobility Promotion Scheme 2024 and extended until July 31, 2024.
Altigreen’s products, consisting of cargo (L5N) and passenger (L5M) electric three-wheelers, have been recertified for EMPS 2024. This re-certification ensures that customers who purchase a new Altigreen EV during the scheme period will be eligible for incentive benefits of up to Rs.50,000.
Anyone purchasing a new Altigreen Electric three wheeler in India, cargo (L5N) or passenger (L5M), would be eligible for incentive benefits of up to Rs 50,000 under this initiative.
Also Read: FY2024 Sets New Milestone: Indian Electric Vehicle Sales Surge by 41%
CMV360 Says
Altigreen anticipates that the EMPS 2024 incentives would result in a significant increase in sales, helping the country achieve its goals of reducing carbon emissions and reliance on fossil fuels. The scheme is part of a broader move to position India as a global leader in the EV sector. Altigreen's alignment with the country's vision is a significant step in that direction.
Tata Motors Looks Beyond Subsidies for Electric Vehicle Growth
Tata Motors boasts a strong foothold in the electric vehicle market. The company has over 4,300 ACE EVs on Indian roads....
14-May-24 09:44 AM
Read Full NewsTata Motors' Fleet Edge Hits 600,000 Vehicles, Ranks Top 3 Globally
Tata Motors has built a machine learning-based model that provides drivers and owners with real-time fuel economy information. ...
14-May-24 07:55 AM
Read Full NewsTata Motors to Roll Out 140+ New Products in FY25
Domestic CV wholesale volumes surged 14% quarter on quarter in Q4 FY24, but dropped 7% year on year in Q4....
13-May-24 01:00 PM
Read Full NewsTIVOLT Electric Vehicles to launch e-SCV under 'Montra Electric' brand
TIVOLT Electric Vehicles is set to launch electric small commercial vehicles (e-SCV) under the Montra Electric brand, promising durability and performance....
13-May-24 10:11 AM
Read Full NewsFlipkart Partners with Bajaj Auto for Eco-Friendly Last-Mile Deliveries
Flipkart's partnership with Bajaj Auto Ltd. is an important milestone for Flipkart and the whole Indian e-commerce market, demonstrating the company's continuous commitme...
13-May-24 08:36 AM
Read Full NewsOlectra Greentech Faces Setback as EV Safety Norm Delays Impact Q4 Sales
The company's product portfolio includes 7 metre, 9 metre, and 12 metre electric AC buses, with an order book of 10,969 units....
09-May-24 12:04 PM
Read Full NewsAd
Ad
Tips for Buying Second-Hand Buses In India
13-May-2024
Why you should buy Mahindra Jeeto in India?
06-May-2024
Benefits of Buying Tata Ace Gold in India
30-Apr-2024
Tips for Selling Your Commercial Vehicles
25-Apr-2024
Government Initiates Early Implementation Plans for BS-VII and CAFE-III Emission Norms
22-Apr-2024
Tips To Improve Mileage Of Tata Intra V30 Pickup Truck
20-Apr-2024
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.