Officials in the Ministry of Heavy Industries (MHI) said on Friday that the allocation of ₹2,671.33 crore under the Faster Adoption and Man...

While 2023 was an encouraging year for EVs in terms of sales volume, industry stakeholders expect the government to give the segment a boos...

Earlier this year, the government had already reduced the subsidy, which resulted in a decrease in the demand for electric two-wheelers. Ho...

According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being of...

The Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electri...

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’...

The probe found the EV two-wheeler firms breached the localisation programme they had committed to, said the people. The recovery notices w...

“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...

The Ministry of Heavy Industries (MHI) has begun the process to ascertain the quantum of subsidy used by manufacturers without adhering to ...

The Society of Manufacturers of Electric Vehicles (SMEV) has sought an extension of subsidies for EVs under the FAME-II scheme, reports sai...

The subsidy was meant to make domestically manufactured EVs cheaper for end consumers. A key goal of the FAME scheme is to establish and bo...

Ministry of heavy industries secretary Arun Goel said the move would not only help establish an ecosystem for EV manufacturing in India but...

The scheme was redesigned in June based on experience particularly during the COVID-19 pandemic and feedback from industry and users. The r...

The 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 ...

Electric vehicle manufacturers have also asked for an extension of the scheme for two more years upto 2025 in the Budget 2021-22. The exten...

The FAME II scheme had planned to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.

The report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.