Gogoro has deferred its ambitious India plans due to a delay in the Indian government’s battery swapping scheme, affecting revenue projections until 2025.
Luke mentioned they are working with the Indian heavy industries ministry to ensure the upcoming FAME 3 scheme supports battery swapping vehicles like it did for charging stations.
Despite delays, Gogoro remains optimistic about India's potential, highlighting their continuous investments in growth as key markets are 'ripe for electric vehicle disruption.'
Gogoro initially forecasted revenue from India for 2024, but it's now pushed back to 2025 due to subsidy implementation delays.
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