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FAME II EV
Government EV push, FAME II ending March 31st 2024, FAME III likely in main budget in JulyIn the Interim budget of this year, finance minister has allocated Rs 2671.33 crore for FAME III scheme but details of it is likely to be a...- Localisation, warranty norms stricter in Electric Mobility Promotion SchemeEMPS replaces the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME II) programme. “The manufacturers’ comprehensive warr...
- Centre hikes FAME II allocation, scheme valid till March-endSubsidies for electric two, three, and four wheelers has been revised to Rs 7, 048 crore, of which Rs 5,311 crore is for electric two-wheel...
- India to soon unveil new scheme to incentivise EV purchases, expand charging infraOfficials in the Ministry of Heavy Industries (MHI) said on Friday that the allocation of ₹2,671.33 crore under the Faster Adoption and Man...
- Budget 2024: From FAME extension to tax cut, what EV sector expects from FM SitharamanWhile 2023 was an encouraging year for EVs in terms of sales volume, industry stakeholders expect the government to give the segment a boos...
- 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...
- Finance ministry not inclined to charge up FAME 3According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being of...
- Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEVThe Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electri...
- ETtech Explainer: Why is government’s FAME-II scheme for EV companies likely to be scrapped?Violation of local-sourcing norms by EV makers to avail subsidies under the FAME-II scheme is is one of the key reasons for the government’...
- 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...
- 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...
- 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 ...
- EV industry seeks extension of subsidies under FAME-II in BudgetThe Society of Manufacturers of Electric Vehicles (SMEV) has sought an extension of subsidies for EVs under the FAME-II scheme, reports sai...
- 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...
- 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...
- Electric two-wheelers sale rise after remodelling of FAME -II scheme, says govtThe scheme was redesigned in June based on experience particularly during the COVID-19 pandemic and feedback from industry and users. The r...
- FAME-II scheme restructuring entire EV industry, needs another extension, says Ather EnergyThe SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target ...
- EV industry seeks higher incentives, FAME II scheme extension in BudgetElectric vehicle manufacturers have also asked for an extension of the scheme for two more years upto 2025 in the Budget 2021-22. The exten...
- Society of Manufacturers of Electric Vehicles calls for rejig of FAME II or reintroduction of FAME IThe FAME II scheme had planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.
- India could achieve high penetration of EV by 2030: Niti ReportThe report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.
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