India Auto & EV: NITI Aayog Rethinks Subsidies, Tata Motors Hikes Prices, and Hero MotoCorp Eyes Re-Rating

After committing over ₹1.27 lakh crore to electric mobility, NITI Aayog is telling states to stop spreading subsidies thin and focus on fully electrifying public transport fleets in select cities. Member Rajiv Gauba linked the move to the West Asia crisis, calling it a potential inflection point similar to the 1970s oil shocks.

"The recent West Asia crisis could become a major inflection point for electric mobility, mirroring the 1970s oil...