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FAME 2 SUBSIDY
India's EV transition needs a China-style ecosystem push; scale, policy, charging infra boost: NomuraIndia's transition to electric vehicles (EVs) will depend critically on how quickly it can build out a robust charging ecosystem, with infr...
Trump-Tehran, EVangelist for Us – time to charge the battery techEven as conflict and chaos linger in West Asia, India is witnessing a happy confluence of choice, cause and cost. This is a once in a lifet...
Follow PM E-DRIVE rules and prevent recurrence of FAME 2 fiasco: Kumaraswamy to industryUnion Heavy Industries Minister H D Kumaraswamy urges the automotive industry to avoid subsidy misappropriation under the new PM E-DRIVE sc...
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...
Cost of FAME 3: Meet local sourcing norms or face penaltyCompanies certifying vehicles for subsidies under FAME 3 - scheduled to be announced in the upcoming budget - will have to undergo a techno...
Budget 2024: FAME subsidies slashed by more than 44 per cent. What it means for EV buyersThe Interim Budget 2024 was presented by Finance Minister Nirmala Sitharaman. The budget did not mention the FAME III scheme and instead re...
What electric two-wheeler makers need from BudgetThe Indian EV market continues to expand with rising sales of electric two-wheelers (E2W). E2W sales in FY23 nearly tripled compared to FY2...
Life without FAME: How costly will electric two-wheelers be sans subsidy?The Indian government plans to extend the FAME scheme, promoting electric vehicle adoption. However, subsidies for electric two-wheelers ma...
E-scooter companies gear up for gradual price hikesBut not everyone is on board with the price hikes. Hero Electric, which sells the Optima among other brands, has decided not to increase pr...
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...
From FAME to deFAME: How an EV scheme turned into a rough rideIndia's flagship electric mobility scheme, FAME II, has been mired in controversies over allegations of manufacturers flouting value-additi...
No end to electric two-wheeler companies' FAME 2 subsidy woesAt least six new CMVR certified electric two-wheeler models of makers such as Hero Electric, Bgauss and others are waiting for months to be...
EV industry body seeks Parliamentary panel's intervention in release of pending subsidiesThe industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.
FAME-II sops of two EV makers on hold; government seeks localisation proof“After examination of reports in respect of two OEMs, the models of these two OEMs have been suspended from the FAME (Faster Adoption and M...
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 ...
Govt nearly doubles allocation under FAME-2 subsidy schemeAs per the budget document, the subsidy under the FAME scheme for fiscal 2024 is projected at Rs 5,172 crore, compared with the revised est...
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...
More EV makers lose subsidy as Centre's probe deepensThe subsidies are part of the ₹10,000-crore programme called FAME 2 ( Faster Adoption and Manufacturing of Electric vehicles in India schem...
Gujarat govt's incentives, FAME-II subsidy may cut electric 2-wheelers' prices by Rs 30k: ICRAUnder the policy, a demand incentive of Rs 10,000 per kWh is being provided by the state government for e2W, e3W and e4W over and above any...
Govt to invite bids for reallocation of subsidy for 2,000 e-buses in FebruaryThe government is expected to issue an expression of interest next month under the ongoing second phase of Faster Adoption and Manufacturin...