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...
02 Dec, 2024, 07.13 PM 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 hikes FAME II allocation, scheme valid till March-endSubsidies for electric two, three, and four wheelers has been revised to Rs 7, 048 crore, of which Rs 5,311 crore is for electric two-wheel...
09 Feb, 2024, 07.35 PM IST
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...
02 Feb, 2024, 11.50 PM IST
EV makers may get boost with Rs 2,671 crore allocation in interim budget 2024Sitharaman, in her shortest budget speech since assuming charge as Finance Minister, said the government “will expand and strengthen the e-...
01 Feb, 2024, 04.47 PM IST
EV sales in local market will continue to increase, with or without subsidies: ACMAACMA President Sunjay Kapur informed with deeper focus on localisation of advanced technologies, vehicle electrification will continue to r...
08 Aug, 2023, 12.23 AM IST
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...
23 May, 2023, 11.23 AM IST
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...
07 Mar, 2023, 06.19 AM IST
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...
12 Jan, 2023, 01.18 PM IST
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...
23 Dec, 2021, 12.59 AM IST
Govt extends the deadline of EV promotion scheme FAME-II as only a fraction of targets achieved so farThe Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme, which has a financial outlay of Rs 10,000 cr...
25 Jun, 2021, 08.11 PM IST
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...
22 Jun, 2021, 09.48 AM IST
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...
06 Jan, 2021, 05.00 PM IST
India could achieve high penetration of EV by 2030: Niti ReportThe report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver.
05 Apr, 2019, 09.16 PM IST
PM Narendra Modi to launch FAME India II on September 7With an aim to promote ecofriendly vehicles, the government had launched the FAME India scheme in 2015.
26 Aug, 2018, 11.34 AM IST
Cabinet may soon consider FAME-II scheme with Rs 9,381 cr outlayThe Heavy Industry Ministry had circulated a draft Cabinet note with details of the proposed scheme among various related government depart...
13 May, 2018, 02.43 PM IST
Government eyes 100% electric public transport through FAME IIThe pilot phase or phase I of the Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India was launched by the government...
28 Dec, 2017, 06.13 AM IST