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FAME II INCENTIVE
Tata, Mahindra, and Ola eye double benefit of Auto PLI and FAME with early approvalsTata Motors, Mahindra, and Ola Electric are set to benefit from the government's PLI program and FAME-II scheme. These companies have recei...- Budget 2024 may see FAME III be unveiledIndia plans to unveil an expanded third phase of the incentive scheme for electric vehicles in the upcoming interim budget on February 1. T...
- EV companies to return FAME II sops or face legal action after Centre cracks the whipThe Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II s...
- You can save up to Rs 32,500 on electric scooters before June 1Under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme , the government is providing subsidy on electric veh...
- Govt to cut FAME-II subsidy on electric 2-wheelers from JuneThe Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme commenced on April 1, 2019, for a period of three...
- Government to issue notices to debar more companies found violating FAME-II norms: Official"We have received reports that some other companies have also violated the FAME-II guidelines. We will be issuing them notices similar to t...
- Companies that come clean will soon get incentives under FAME-IIThe Indian government will provide subsidies to all-electric two-wheeler manufacturers that have passed ongoing investigations to promote t...
- India may pull plug on FAME II after next fiscalThe likely shift comes as the ministry of heavy industries, which administers FAME, has launched an investigation into the alleged misappro...
- All 7,000 e-buses under FAME-II may ply on Indian roads in next 1 yr: Heavy Industries Ministry officialIn 2019, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) scheme for promotion of electri...
- Electric scooters may get costlier as FAME incentives taper off: CrisilThe brisk adoption of EVs is likely to continue now due to better cost economics, availability of multiple models, and feasibility of home-...
- Govt increases allocation for EV subsidy threefoldAs per the budget document, the subsidy under the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) for fiscal 2023 is...
- Govt may extend Fame II incentive scheme for purchase of personal EV cars, e-bicyclesAt present the Fame II scheme benefits covers only electric two-wheelers, three wheelers, four-wheeled passenger vehicles and goods carryin...
- Electric two-wheelers may account for 10 pc of overall sales in 2-3 years: Ather Energy"I think in the next two to three years, there's a very good chance overall, in the two-wheeler market, (that) almost 10% sales could go el...
- Revolt Motor's RV 400 gets 'electrifying' response, bookings closed in less than 2 hours"RattanIndia-Revolt got an electrifying response on the reopening of bookings of RV400 earlier Friday. The demand for their flagship model ...
- TVS Motor cuts price of iQube Electric scooter by Rs 11,250Last week, the government made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Pha...
- Rs 700-cr investment on hold by a year, FAME II failed to deliver: Hero ElectricLeading electric two-wheeler maker Hero Electric has put on hold investment of up to Rs 700 crore by a year with the sector taking a nosedi...
- Public transport permit mandatory for electric 3W, 4W to avail FAME-II sops: GovernmentThe FAME scheme in its second phase starting next week will support 5 lakh e-rickshaws having ex-factory price of up to Rs 5 lakh with an i...
- Government tightens localisation norms for electric vehiclesIn a move that could severely impact prices, strict localisation norms have been placed on makers of e-cars.
- Cabinet likely to clear Rs 10,000 crore FAME II schemeThe Rs 10,000 crore support will be used for subsidies on electric busses, passenger cars to be used by taxi aggregators, three-wheelers an...
- Now, hybrid vehicles too under FAME II incentives umbrellaUniform incentive of ₹10,000/kWh will be extended to all electric vehicles, including hybrids.
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