Site icon EVHexa

Revealing the EMAP Subsidy Scheme 2024: A Closer Look at The 11 Eligible EV Manufacturers

Did you know electric vehicles (EVs) are rapidly making a mark in the Indian automobile scenario? As to why this has occurred, this can be attributed to factors such as clearing smoke from vehicles, embracing new technologies in driving, and the government encouraging the uptake of electric cars.

In December 2024, the Government of India launched the Electric Mobility Advancement Program (c) subsidies to get EVs onto the street and help Indian industries make them.

This article will inform you about 11 well-known companies chosen for the EMAP subsidy scheme. You will also get to know in this article how these companies manufacture electric vehicles and how they contribute to achieving the government’s goal of making India pollution-free.

  1. Ather Energy

Their energy is among the best electric scooter companies in India. Ather was founded in 2013 and has always aimed at new-generation technology. It is currently in the business of manufacturing electric scooters. Today, Ather boasts models such as the Ather 450X and Ather 450 Plus, which set design, performance, and technology standards.

Let’s see why Ather Energy is getting an EMAP subsidy scheme:

  1. Bajaj Auto

India’s number one car manufacturing companies are now aiming to make their presence felt in the electric scooter segment, and one such giant is Bajaj Auto. This new electric scooter is known as Chetak. This scooter is an improved, more updated version of the earlier-known Chetak scooter. This looks akin to the earlier scooter, but the technology it incorporates is new.

So, let’s know why Bajaj Auto is getting an EMAP subsidy scheme:

  1. BGauss Auto

Here we have a company known as BGauss Auto, which is part of Royal Royal Global, and this is fast becoming a recognizable brand in the use of electric scooters. People are aware of this firm for manufacturing aesthetic yet affordable electric scooters. As mentioned above, BGauss scooters are all built for urban mobility.

So let’s know why BGauss Auto is getting an EMAP subsidy scheme:

  1. Ola Electric

Like Ola, which operates Ola cabs, the company has ventured into the electric vehicle market. They have developed an electric scooter known as Ola S1. The strategic intent of Ola is to disrupt and eliminate the cars currently in use in urban areas. They aim to produce affordable yet efficient electric scooters.

So, let’s know why Ola Electric is getting an EMAP subsidy:

  1. TVS Motor

Even the well-known Indian car company TVS Motor Company has also developed electric scooters. Their electric scooter has been named iQube. Besides new technology, there is also a focus on the vehicle’s strength in the case of TVS iQube scooters. This scooter is specifically designed for people who reside in urban areas.

Let’s know why TVS Motor Company is getting an EMAP subsidy scheme:

  1. Quantum Energy

Quantum Energy is a relatively new player in the electric scooter market but proved quite a marvel! This company’s strategic differentiation is the production of electric scooters that are independent of new technology and are affordable. So let’s see why Quantum Energy is getting an EMAP subsidy: So let’s see why Quantum Energy is getting an EMAP subsidy:

Why Quantum Energy is Eligible:

  1. Hero MotoCorp

Hero MotoCorp, the global two-wheeler bigwig, has also plunged into the battle of electric scooters. Through its ‘Hero Electric’, Hero is introducing an electric scooter that is available at a cheap price for everyone’s needs.

So, let’s know why Hero MotoCorp is getting an EMAP subsidy scheme:

  1. Hop Electric

Hope Electric is a relatively young company, but it is rapidly developing itself in the sphere of electric vehicles. This company aims at producing electric two-wheelers that incorporate new technology and are eco-friendly. They aim to help people get efficient, inexpensive, hassle-free, and eco-sustainable cars as per the EMAP subsidy scheme.

So, let’s know why Hope Electric is getting an EMAP subsidy scheme:

  1. Kinetic Green

Kinetic Green is the arm of its parent organization, Kinetic Group, a prominent maker of electric three-wheelers and two-wheelers in India. Some of the critical issues encompassing this organization include using a relatively dependable technology, affordable prices, and environmental factors in constructing the vehicles.

Let us know why Kinetic Green is getting an EMAP subsidy scheme:

  1. TI Clean Mobility

TI Clean Mobility of the Murugappa Group cleans the environment and produces eco-friendly vehicles. This company aims to build good and new technology electric vehicles, especially for charging within cities.

Let us know why TI Clean Mobility is getting an EMAP scheme:

  1. Mahindra Electric

Mahindra Electric is among the most recognized global electric vehicle market players. This company produces electric cars and three-wheelers. It is identified that Mahindra’s vehicles are challenging for newcomer’s New technology and reliability.

So, let’s know why Mahindra Electric is getting an EMAP subsidy scheme:

Electric Vehicle Promotion (EMAP) Subsidy Scheme

That is going to revolutionize the world of electric vehicles! The Electric Mobility Advancement Program (EMAPsubsidy scheme) Subsidy Scheme 2024 of the Government of India aims to encourage more people to shift to electric cars. In this scheme, money is provided by the government to both the companies and the public. This makes electric vehicles affordable and makes purchasing them more easily.

What is particular about the EMAP subsidy scheme?

What will be its impact on the market share of electric vehicles?

This EMAP subsidy scheme can turn the electric vehicle market upside down.

Conclusion

The EMAP Subsidy Scheme 2024 is a positive move to encourage electric vehicles in India. The 11 electric vehicle manufacturing companies, which include Ather Energy, Bajaj Auto, BGauss Auto, Ola Electric, TVS Motor, Quantum Energy, Hero MotoCorp, Hop Electric, Kinetic Green, TI Clean Mobility, and Mahindra Electric described in this article can fully capitalize on this scheme to ensure that India attains the desired goal of clean transportation.

Each company’s vehicle is unique, so their features are as well. They manufacture various types of automobiles that suit the needs of every individual in society. With the help of the EMAP subsidy scheme, these companies can improve the attractiveness of the market for electric vehicles, decrease pollution, and make the future clean!

 

Exit mobile version