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...

Budget 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 ...

According to Hanif Qureshi, joint secretary, ministry of heavy industries, the FAME II scheme is lapsing in March 2024, but avenues are bei...

Leading electric two-wheeler players are understood to be rejigging their products by launching lower-spec variants by reducing features an...

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 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...

Under 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...

Around 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...

“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...

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...

This 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...

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.

According to the SMEV, the sales of high-speed electric two-wheelers, which qualify for incentives under the government's Faster Adoption a...

With now FAME II scheme in place, he said, the company expects to get higher volumes enabling it to localise its products further.

The Rs 10,000 crore support will be used for subsidies on electric busses, passenger cars to be used by taxi aggregators, three-wheelers an...

The scheme will offer a bouquet of incentives, such as exemption from paying road tax, registration fee and parking charges for electric an...