GoI Eliminates Subsidy To Mild Hybrid Vehicles Maruti Suzuki India To Suffer Most

A notification issued by the Ministry of Heavy Industries and Public Enterprises said, "Mild hybrid technology will stand excluded from the benefits of the FAME India scheme with effect from April 1, 2017.”

The government’s decision to withdraw subsidy to mild hybrid vehicles is expected to hurt Maruti Suzuki India, the country’s largest carmaker.

The company's popular models, multi-utility vehicle, Ertiga and mid-sized sedan, Ciaz with mild hybrid technology had benefited from the scheme that was launched in April 2015 to popularise the use of electric vehicles in the country.

A mild hybrid vehicle has an electric motor, which on its own cannot run a vehicle but assists normal engines by using recovered energy stored in a battery and helps save fuel.

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