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 3 scheme nears completion, timeline yet to be announced: Union MinisterPreparations for Fame 3 scheme, the next phase of India's initiative to boost electric and hybrid vehicle adoption, are nearly finished. Th...
05 Aug, 2024, 11.51 AM IST
2024 Budget: Sitharaman almost halves FAME allocation, no GST relief for EV industryBudget 2024: In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman nearly halved the FAME scheme allocation to Rs 2,671.33 crore...
23 Jul, 2024, 03.30 PM IST
Budget 2024 unlikely to announce FAME III scheme, says HD KumaraswamyBudget expectations: The third phase of the FAME scheme for electric vehicles is nearing completion, but it won't be included in the upcomi...
16 Jul, 2024, 02.26 PM IST
What's draining the juice out of electric two-wheeler makers' batterySales of e2Ws plummet due to policy inconsistencies, supply chain issues with Chinese suppliers, and expectations for FAME III rollout, imp...
03 Jul, 2024, 02.25 PM IST
FAME-3 may get a budget-day release; Rs 10,000-crore outlay expectedElectric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) s...
14 Jun, 2024, 05.30 AM IST
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...
31 Mar, 2024, 09.37 AM IST
Centre announces new scheme to subsidise electric two and three wheelersThe centre on Wednesday announced a new scheme to promote sale of electric two and three wheelers. According to Heavy Industries Minister M...
13 Mar, 2024, 11.37 PM IST
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...
02 Feb, 2024, 07.52 PM IST
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...
01 Feb, 2024, 09.42 AM IST
India's electric two-wheeler sales surge 34.42% in Q3 FY 24, anticipation high for FAME III schemeIndia's electric two-wheeler market has seen a significant sales increase in Q3 FY 24 compared to Q2 FY 24, indicating robust growth. There...
31 Jan, 2024, 07.40 PM IST
Interim Budget 2024: Government considers extending FAME II scheme to FY25Budget 2024: "Additional funds for FAME II can be sought in a vote on account," said a person aware of the matter. The extension would not ...
26 Dec, 2023, 10.03 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
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...
03 Nov, 2023, 12.54 AM IST
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...
17 Jul, 2023, 08.08 AM IST
FAME III in the works, may cover alternative fuel vehicles this timeThe government has begun working on the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME III) fin...
13 Jul, 2023, 12.41 AM IST
Government plans to increase outlay for e-2-wheelers under FAME II schemeThe Heavy Industries Ministry is planning to increase the outlay for e-two-wheelers from the current level of Rs 2,000 crore under its flag...
17 May, 2023, 09.42 PM IST