FAME India Programme

Panel recommends extension of scheme

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

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

FAME-II was launched with an outlay of Rs 10,000 crore for a three-year period, but was extended till March 2024

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales

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

The scheme will contribute towards reducing carbon emissions and oil imports with local manufacturing

Globally, China was the largest market for electric two-wheelers in 2020, followed by Vietnam and India

Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction

About Rs 212.31 crore has been released for the procurement of electric buses as of January 31 this year under the second phase of FAME-India Scheme

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mild hybrid vehicles under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in (FAME-INDIA) scheme was withdrawn with effect from April 1, 2017, based on the third-party evaluation of Phase-I of FAME India Scheme.Javadekar, the Minister of Heavy Industries & Public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 Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme with an outlay of Rs 10,000 crore over a period of three years will be implemented with effect from April 1, 2019

Modi will also deliberate on steps to promote electric vehicles and shared mobility

The scheme offers sops on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars