FAME

"The ministry is considering every direction (on penalty) but we will take a decision based on the recommendation in the investigation report"

The installation is expected to be completed by March 2024

In the eleven months of FY23, some 649,000 E2Ws were sold at an average of 59,000 units a month. E2W made up more than 60% of the overall 1.04 million EVs sold so far

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

Subsidy on EVs must be revisited

In electric four wheelers, including cars, Delhi came top

79% of the total Rs 6171.63 cr that the ministry received was for FAME

A few, such as Hero Electric, keep the status quo on prices

The govt subsidy for the purchase of EV to the vehicle makers should continue till the market reaches an EV penetration of 8-10 per cent, said a top official of Greaves Electric Mobility Private Ltd.

The Society of Manufacturers of Electric Vehicles on Thursday hit out at the government for holding back incentives under the FAME II scheme. In response to a reply made by Union Heavy Industries Minister Mahendra Nath Pandey in the Lok Sabha on Tuesday that the ministry has received complaints regarding misappropriation of subsidies under the FAME India Phase II scheme by some electric vehicles manufacturers, the industry body said the allegation is "invalid in the context of the issue at hand." The government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the Rs 10,000 crore FAME II scheme. In a statement, Society of Manufacturers of Electric Vehicles (SMEV) Secretary General Ajay Sharma said due to the impact of COVID-19, the Phased Manufacturing Programme (PMP) guidelines under FAME India Scheme Phase-II were expected to be revised but for various reasons were not modified "in spite of clear indications tha

The government is probing 12 automakers including Hero Electric Vehicles and Okinawa Autotech for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, Union Heavy Industries Minister Mahendra Nath Pandey informed Parliament on Tuesday. The complaints received the government mainly relate to violation of Phased Manufacturing Programme (PMP) guidelines under FAME India Scheme Phase-II, he added. The other Original Equipment Manufacturers (OEMs) against whom complaints have been received include Benling India Energy and Technology; Okaya EV; Jitendra New EV Tech; Greaves Electric Mobility (formerly Ampere Vehicles Private Limited); Revolt Intellicorp; Kinetic Green Energy & Power Solutions; Avon Cycles; Lohia Auto Industries; Thukral Electric Bikes; and Victory Electric Vehicles International. "All the complaint cases have been referred to the testing agencies for re-verification. After examination of reports in respect of two OEMs, the models of these two ...

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

On the occasion, 175 electric vehicles for Gujarat and Karnataka were flagged off under the FAME Scheme

The trend comes as a stark contrast for a market like India, where EVs and not hybrids are getting the massive subsidy push from policymakers under the FAME scheme

The government said under the second phase of FAME India Scheme, over 27,000 electric vehicles have been supported till September 10 this year by way of demand incentive amounting to about Rs 95 crore

The Department of Heavy Industry had invited the expressions of interest from entities for availing incentives under the FAME India Scheme Phase II for deploying charging stations within cities

Union Minister Prakash Javadekar on Tuesday said that about 2.85 lakh buyers of electric/hybrid vehicles have been supported by a subsidy of Rs 360 crore under the FAME India Scheme.He said that the benefit of incentives to buyers of mild hybrid vehicles under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in (FAME-INDIA) scheme was withdrawn with effect from April 1, 2017, based on the third-party evaluation of Phase-I of FAME India Scheme.Javadekar, the Minister of Heavy Industries & Public Enterprises informed the Lower House in a written reply."The Phase-I of the FAME India Scheme was launched in 2015 and continued up to 31st March 2019. Based on outcome and experience gained during the Phase-I of FAME India Scheme and after having consultations with all stakeholders including Industry and Industry Associations, the second phase of FAME India Scheme has commenced from 01st April, 2019 for a period of 3 years," an official release of Ministry of Heavy ...

The proposed move is expected to benefit micro, small and medium enterprises

Delhi, Mumbai, Bengaluru, Hyderabad and Ahmedabad got the highest number of buses at 300 each

The scheme has been designed to encourage automakers to commit investments in electric mobility through incentives