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FAME SUBSIDY SCHEME
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...27 Jul, 2024, 12.09 AM IST- Companies knowingly violated FAME subsidy scheme, finds panelThe report, submitted by the panel earlier this month, counters findings of an earlier probe by a joint secretary in the Ministry of Heavy ...20 May, 2024, 12.16 AM IST
- Govt may slap recovery suit on 3 companies to get back FAME subsidyThe Centre is considering legal action against Hero Electric, Okinawa Autotech, and Benling India for not repaying the subsidies they wrong...19 Mar, 2024, 12.12 AM IST
- Is the EV market ready to remove the mask of subsidies?Automakers have to reconsider their strategies, as subsidy reduction could impact their sales forecasts and profitability projections for E...05 Mar, 2024, 08.53 AM 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
- 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...27 Dec, 2023, 05.19 PM IST
- Demand for electric two wheelers slowing down due to reduced government subsidy: ReportIn its report, CARE Ratings said the core segments of two wheelers, specifically the 75 cc - 110 cc range in motorcycles and the 75 cc - 12...17 Aug, 2023, 08.23 PM IST
- FAME scheme: What is it, and what's all the brouhaha?The Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) subsidy scheme was introduced by the Indian government ...18 May, 2023, 02.26 PM IST
- 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...29 Apr, 2023, 04.27 PM IST
- 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...21 Mar, 2023, 11.19 PM IST
- Exclusive: Three-wheeler EV companies seek 50% hike in FAME-II subsidySeveral industry bodies have made representations to the Ministry of Heavy Industries (MHI) on this demand, said a senior government offici...20 Mar, 2023, 08.00 AM IST
- Directorate of Revenue Intelligence starts FAME subsidy probeUnder the Rs 10,000-crore Faster Adoption and Manufacturing of (hybrid and) Electric Vehicles in India (FAME India) scheme, EV makers can o...01 Feb, 2023, 12.00 AM IST
- 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...23 Jan, 2023, 06.28 PM IST
- 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...18 Jan, 2023, 10.48 PM IST
- 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 ...06 Jan, 2023, 12.57 AM IST
- 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...01 Jan, 2023, 07.34 AM IST
- 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...01 Oct, 2022, 09.36 AM IST
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