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FAME II SCHEME
Three EV makers raided for Rs 297 cr subsidy 'fraud'The SFIO has searched Hero Electric, Benling India, and Okinawa Autotech for allegedly availing ₹297 crore in subsidies under the FAME II s...- SFIO holds search operations at Hero Electric, other cos for fraudulent availing of subsidies worth Rs 297 crores under FAME IIThe SFIO has conducted searches at Hero Electric, Benling India, and Okinawa Autotech for fraudulent subsidy claims worth Rs. 297 crores un...
- Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes, say officialsThree electric vehicle makers, Hero Electric, Okinawa, and Benling India, face blacklisting from central schemes for not returning wrongly ...
- 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...
- 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 ...
- Centre looking to extend FAME IIAccording to Hanif Qureshi, joint secretary, ministry of heavy industries, the FAME II scheme is lapsing in March 2024, but avenues are bei...
- Indian EV industry looks to tweak products, prices to stay fitLeading electric two-wheeler players are understood to be rejigging their products by launching lower-spec variants by reducing features an...
- 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’...
- 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...
- Unveiling of FAME 3 scheme hinges on unspent scheme funds by FY24 endUnder the FAME II scheme, the centre offered Rs 10,000 crore as incentives to EV makers from 2019 onwards. These benefits were linked to lo...
- Only Rs 180 crore earmarked for electric vehicles' chargers under FAME-II schemeAround Rs 3,000 crore out of the total allocation of Rs 5,171.97 crore for the FAME-II scheme in the union budget for 2023-24, has been ear...
- 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...
- 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...
- Companies line up affordable electric bikes post FAME II subsidy hikeThis comes in the backdrop of the government’s decision to increase subsidy on electric two-wheelers by 50% to ₹15,000 per kWh under the Fa...
- 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.
- Target of selling 10 lakh electric 2-wheelers under FAME-II 'nowhere in sight': SMEVAccording to the SMEV, the sales of high-speed electric two-wheelers, which qualify for incentives under the government's Faster Adoption a...
- FAME II to help accelerate EV launches: MahindraWith now FAME II scheme in place, he said, the company expects to get higher volumes enabling it to localise its products further.
- 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...
- Government may consider approval of Rs 5,500-cr FAME-II scheme this monthThe scheme will offer a bouquet of incentives, such as exemption from paying road tax, registration fee and parking charges for electric an...
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