Less than two months to go, FAME-II incentives now be set on ex-factory prices

FAME-II incentives, which are designed to encourage customer demand for electric vehicles, will now be offered on the ex-factory price of electric four-wheelers and e-three wheelers, instead of their ex-showroom price, the ministry of heavy industries said in a gazette notification issued on Friday. Speaking to Mint, Dr. Hanif Qureshi, additional secretary, heavy industries, said …

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Automakers bet on more than just AI to make automobiles ‘gadget-like’

Chennai: It is not just AI, automakers are getting big on a number of technologies to make automobiles gadget-like, industry experts told ET. “The mix of 5G, cloud, and edge computing offers a strong cocktail of digital technologies that can transform automobiles into extremely sophisticated and smart objects,” Vinod Gopinathan, Chief Information Officer, Ashok Leyland, …

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