Maruti Suzuki suffers as govt withdraws subsidy to mild hybrids vehicles

The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme, impacting the country's largest carmaker Maruti Suzuki India the most.

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.

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