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EV FAME SUBSIDIES
Out of ‘FAME’: As India reduces subsidies for EVs, sales drop highlights the need for a better planMany countries have eased out incentives for electric vehicles and India should also take this route. But despite policies to boost local m...18 Aug, 2024, 10.32 AM IST- FAME Scheme Violation: Govt starts reinstating subsidies to EV makers that paid FAME penaltiesThe government reinstated subsidies for companies following stricter localization rules under EMPS, 2024. Revolt Motors and Greaves Electri...09 Aug, 2024, 09.24 AM IST
- Centre extends EV subsidy scheme EMPS to September-endThe central government extended the Electric Mobility Promotion Scheme (EMPS) 2024 by two months, prolonging it to September-end. The schem...27 Jul, 2024, 12.09 AM IST
- Okaya announces limited time offer, to sell EVs at old prices post FAME IIOkaya EV's festive offer maintains electric two-wheeler prices post FAME II, emphasizing customer satisfaction. Faast F4 model, priced at I...10 Apr, 2024, 09.43 PM IST
- Is the EV market ready to remove the mask of subsidies?Automakers have to reconsider their strategies, as subsidy reduction could impact their sales forecasts and profitability projections for E...05 Mar, 2024, 08.53 AM IST
- Is it time for India’s EV sector to drop the crutches of subsidy?While subsidy cuts may be a roadblock for the EV growth in the short run, manufacturers should take it as an opportunity to reevaluate thei...18 Feb, 2024, 09.27 AM IST
- Govt may end subsidy on electric two-wheelers: ReportEarlier this year, the government had already reduced the subsidy, which resulted in a decrease in the demand for electric two-wheelers. Ho...19 Dec, 2023, 09.41 PM IST
- Govt to clear dues to EV makers under FAME scheme by month-endThe implementation of the FAME India scheme had hit a roadblock after instances of OEMs falsely availing subsidies by selling vehicles with...07 Jun, 2023, 12.46 AM IST
- Indian EV industry looks to tweak products, prices to stay fitLeading electric two-wheeler players are understood to be rejigging their products by launching lower-spec variants by reducing features an...21 May, 2023, 08.45 AM IST
- Hero Electric, Okinawa under government lens over misuse of FAME sopsThe probe found the EV two-wheeler firms breached the localisation programme they had committed to, said the people. The recovery notices w...29 Apr, 2023, 11.33 AM IST
- Exclusive: Three-wheeler EV companies seek 50% hike in FAME-II subsidySeveral industry bodies have made representations to the Ministry of Heavy Industries (MHI) on this demand, said a senior government offici...20 Mar, 2023, 08.00 AM IST
- FAME to flaming out: What is plaguing India’s green mobility future?Lack of clarity over the extension of the FAME subsidy scheme, delayed subsidy disbursement and the prospects of a drawn-out investigation ...25 Feb, 2023, 12.43 PM IST
- Directorate of Revenue Intelligence starts FAME subsidy probeUnder the Rs 10,000-crore Faster Adoption and Manufacturing of (hybrid and) Electric Vehicles in India (FAME India) scheme, EV makers can o...01 Feb, 2023, 12.00 AM IST
- Government official dismisses EV lobby claims on FAME subsidyThe Ministry of Heavy Industries last year halted giving sops as part of a EV promotion scheme to multiple companies like Hero Electric and...23 Jan, 2023, 06.28 PM IST
- Govt to recover wrongly claimed sops by EV makersThe Ministry of Heavy Industries (MHI) has begun the process to ascertain the quantum of subsidy used by manufacturers without adhering to ...06 Jan, 2023, 12.57 AM IST
- Lens on EV makers' claim to FAME subsidy: Testing agencies to relook at eligibilityThe subsidy was meant to make domestically manufactured EVs cheaper for end consumers. A key goal of the FAME scheme is to establish and bo...01 Jan, 2023, 07.34 AM IST
- FAME-II scheme: Govt to digitally monitor EV parts localisationMinistry of heavy industries secretary Arun Goel said the move would not only help establish an ecosystem for EV manufacturing in India but...01 Oct, 2022, 09.36 AM IST
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