The Ministry of Heavy Industries formulated the scheme in March 2015 to promote adoption of electric/ hybrid vehicles (EVs) in the country. Phase-1 of the scheme was available up to March 31, 2019.
As many as 87,659 electric vehicles and 6,265 electric buses have been incentivised under the second phase of FAME India, the country's flagship scheme for faster adoption of electric vehicles till now, the government has told Parliament.
The scheme in its second phase will offer a bouquet of incentives, such as exemption from paying road tax, registration fee and parking charges for various categories of electric and strong hybrid vehicles.
The minister for Heavy Industries and Public Sector Enterprises said about 300 charging stations have been established till now for electric vehicles.
If the proposal gets the ministry’s nod, India might have an “Electric Mobility Board” under an appropriate authority
The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme, impacting the country's largest carmaker Maruti Suzuki India the most.
According to experts, several factors including higher cost of vehicles, power outages, lack of charging infrastructure and dearth of facilities for eco-friendly disposal of batteries to curb pollution are among the factors inhibiting consumers from buying electric vehicles in India.
Phased replacement of fossil fuel-based vehicles with those based on latest technologies will lead to a net saving of Rs 14,000 crore, Union Minister for Heavy Industries and Public Enterprises Anant Geete said.
FAME India - Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India - is a part of the National Electric Mobility Mission Plan. The scheme envisages Rs 795 crore support in the first two fiscals starting with the current year.
DLF | GVK | MTNL | IDBI | PNB | Global Offshore | Oberoi Realty | Mangalam Ventures | Fame India and Ashoka Buildcon are stocks, which are in news today.
Fame India has reported a standalone sales turnover of Rs 70.72 crore and a net profit of Rs 2.87 crore for the quarter ended Dec '12
Inox Leisure board is meeting today to consider scheme of amalgamation of Fame India and Fame Motion Pictures, reports CNBC-TV18.
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Shares of Multiplex chain Fame India locked at 10% upper circuit amid huge volumes on Thursday, which continued its rise for the second consecutive session.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
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Inox Leisure has board meeting to consider amalgamation of Inox leisure & Fame India, reports CNBC-TV18.
INOX Leisure surged as much as 10.34% to intraday high of Rs 54.40 on Friday ahead of board meeting for amalgamation of Fame India and its owned subsidiaries with itself.
Fame India has reported a sales turnover of Rs 47.75 crore and a net loss of Rs 12.30 crore for the quarter ended Mar '12
Copyrights of cinematography films exempt from service tax.
Stocks in news: IndusInd Bank | Adhunik Metaliks | REC | Kirloskar Oil Engines | Fame India | Arrow Coated Products | Punjab & Sind Bank | Rohit Ferro Tech | Tata Metaliks and Allahabad Bank are stocks | which are in the news today.
Fame India has reported a sales turnover of Rs 48.77 crore and a net loss of Rs 0.96 crore for the quarter ended Dec '11
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Fame India has touched an intraday high of Rs 40.85 and an intraday low of Rs 37.
Fame India has reported a sales turnover of Rs 54.75 crore and a net profit of Rs 0.14 crore for the quarter ended Sep '11