E Plus [2022-2024]

Indian EV maker Avon denies misusing FAME II scheme subsidies

FAME II scheme subsidy: Avon Cycles is among 12 EV makers in India who are under the scanner for misappropriation of FAME II subsidies.

Sales of electric bikes rise in Ludhiana amid hike in fuel prices

<ul><li>Bicycle manufacturer Avon Cycles saw its sales of electric vehicles grow at a pace of 15 per cent to 20 per cent every year, especially after the fuel price hike.</li><li>For Hero, the growth in the e-vehicle business has been 20 per cent to 25 per cent.</li></ul>

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