Fame Scheme

The scheme will offer subsidies/demand incentives worth Rs 3,679 crore to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.

Two-wheeler stocks in red after Interim Budget skips FAME III, cuts FAME II outlay by 44%

In the previous Budget, the allocation had seen a sizeable increase of 78 percent year-on-year

Moneycontrol Pro Panorama | FAME III and the EV-fication challenge   

In today’s edition of Pro Panorama: IPO market turning red-hot, October a decider for HUL, inflation’s severe blow, iPhone Pro and more

FAME II subsidies on electric two-wheelers reduced, prices set to rise from June 1

According to the notification, the ministry has reduced the 40 percent maximum incentive rate for electric two-wheelers to a cap of 15 percent.

Government mulling over slashing subsidy for 2-wheeler EVs, prices may go up: Report

In this regard, MHI has sent a recommendation to a high-level interministerial panel that will make a final decision.

India’s EV ambition has a green paradox to deal with

The goal of reducing carbon footprint through adoption of electric vehicles is ironically defeated by the usage of fossil fuels in EV charging infrastructure 

No proposal to extend FAME scheme after March 2024: Govt

The news comes at a time a report jointly prepared by the KPMG and CII has suggested that EV adoption levels in India are expected to see exponential growth for the rest of the decade.

Electric 2-wheeler sales in India rise over two-and-half fold to 8,46,976 units in FY23: SMEV

Citing data sourced from manufacturers, Society of Manufacturers of Electric Vehicles (SMEV) said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with top speed less than 25 km/hr.

FAME Scheme: Parliamentary panels suggests extending subsidy for EVs by two years

The committee recommended that the government should extend FAME-II scheme “to allow more time to evaluate the effectiveness of the scheme and to make necessary adjustments/modifications to promote EVs.”

FAME scheme case: Govt mulls clawback of subsidies, FIR against Hero Electric, Okinawa

Hero Electric and Okinawa allegedly claimed subsidies of Rs 250 crore for imported components, but declared the consignments as being made indigenously, CNBC TV-18 reported, citing sources who are privy to the investigation details.

Budget 2023: Here's what EV ecosystem wants from FM Nirmala Sitharaman

The EV sector is looking forward to a slew of sops, including the extension of the FAME-II scheme beyond 2024, and a reduction in GST.

EV makers not misappropriating subsidies under FAME scheme, says SMEV

The government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the Rs 10,000 crore FAME II scheme.

EV makers not misappropriating subsidies under FAME scheme, says SMEV

Original equipment manufacturers (OEMs) were allowed to operate and sell with their vehicles and production verified as per the testing protocols under the scheme, while even giving them extensions in view of the delays at the supply chain.

5.2 lakh electric vehicles registered in the country, government tells Parliament

Among the states with the highest numbers, Karnataka has 19,270 EVs, Tamil Nadu has 13,515, Maharashtra has 9,393, Rajasthan has 6,721 and 6,413 in Delhi.

Govt spends Rs 871 crore to promote electric vehicles, set up charging infrastructure

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.

Govt targeting 6-7 million sales of hybrid, EVs by 2020

The NEMMP 2020 is a national mission document providing the vision and the road map for faster adoption of electric vehicles and their manufacturing in the country.

FAME-II: Govt sets up inter-ministerial panel for monitoring, sanctioning of projects

The Rs 10,000-crore programme under the second phase of the FAME India scheme will be implemented over a period of three years with effect from April 1, 2019.

FAME-II: Subsidies for EV makers will come with riders

Two, three and four wheeler vehicle segments stand to lose in this phase as most of them will be given an incentive lesser than those available in the previous phase

Revised FAME scheme puts EV segment in fast lane: M&M

The Mumbai-based company, which is at the forefront of electric vehicle (EV) segment in the country, said the scheme puts electric vehicles in the fast lane.

Bihar, Gujarat, Goa and 5 other states to bring out policy on electric vehicles soon

After these eight states submit their policies, number of states with proper EV policy in place will reach 14

Exclusive | Electric vehicles: Centre finalises European CCS charging protocol; focus back on two wheelers

Sources, however, said that the announcement may take some time as the second phase of government’s subsidy scheme, FAME India, for e-mobility has been deferred by six months

Exclusive | First phase of FAME to get six month extension; revised phase-II to kick in from FY20

According to sources, officials at DHI have started modifying the proposed phase-II of the scheme after Prime Minister, Narendra Modi, raised questions on the subsidy framework

PM Modi asks officials to focus on cheaper batteries to promote electric mobility in India

In the absence of any measure to bring down the cost of batteries in FAME-II scheme, Modi refrained from talking about it at the recent MOVE summit

Exclusive | DHI withdraws incentives for cabs, taxis; only electric buses to be subsidised under FAME-II due to poor fund allocation

According to an earlier proposal, NITI Aayog had proposed to have fully electric public transport in 10 cities which required Rs 45,000 crore per city

Fin Min returns draft policy note for FAME-II; raises question over funding mechanism, policy structure

The Centre has, for long, been deliberating over the possibility of electric mobility in the country, especially with lack of requisite resources available at hand