FAME

This year has seen the EV sector on a roll, as it took only 10 months to hit the 1.5 million mark-a feat that took a full 12 months last year

EV sales also saw a 24.65 per cent annual growth in September, rising to 1,48,539 units compared to 1,19,163 units in the same month last year

FAME-II proved to be financially successful, with approximately 93 per cent of targeted vehicles incentivized and 92 per cent of the allocated funds utilised, Kumaraswamy said

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

The Electric Mobility Promotion Scheme 2024, that provides incentives to electric two-wheelers and three-wheelers, will be extended till FAME III is finalised, Union Minister HD Kumaraswamy said on Monday. Speaking at the sidelines of the annual session of Automotive Components Manufacturers Association (ACMA), Kumaraswamy, the Minister of Heavy Industries said it will take some more time to finalise the third phase of the 'Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle' (FAME) scheme. "It will be extended for another one or two months," he said when asked if the Electric Mobility Promotion Scheme (EMPS), which is coming to an end this month, would be extended. Asking the industry not to panic, he said "it will be extended till the FAME-III is announced." The EMPS was launched in April and was extended till September 30. It was announced in March this year, to be applicable from April 1 to July 31, with an outlay of Rs 500 crore. Later it was extended till ...

At the BNEF Summit, Union Minister Nitin Gadkari highlighted the lower GST rates on electric vehicles compared to those on petrol and diesel vehicles

The minister mentioned that the government is taking a comprehensive approach to boost the EV ecosystem

Outlines comprehensive plan to transition India's trucking sector to zero-emission vehicles

Union Minister for Heavy Industries HD Kumaraswamy shared that preparations for FAME III are almost finalised and ministries have proposed recommendations on how to effectively implement the programme

Re-certification needed for all models; EMPS may be extended for two more months

The second phase of the ambitious Rs 11,500 crore scheme ended on March 31. The scheme incentivised more than 1.6 million vehicles since its launch in April 2019

The government is working on the FAME III scheme for promotion of electric mobility and it is likely to be implemented in the near future, Union Minister HD Kumaraswamy said on Tuesday. The third phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme will, however, not be featured in the upcoming Union Budget, the Minister for Heavy Industries and Steel told reporters here on the sidelines of an event organised by auto industry body SIAM. "Already preparatory work is going on. All the several ministries have recommended how to implement the FAME III programme. In future, some months or some future days it is going to be implemented," he said when asked about the demand from the auto industry on FAME III scheme. Asked if FAME III will be announced in the budget, he replied in the negative. Earlier this year, the heavy industries ministry had announced that subsidies under the second phase of FAME scheme would be eligible for e-vehicles sold till Mar

The Uttar Pradesh government on July 5 decided to waive the registration tax on hybrid cars, extending a concession already available to fully electric vehicles

EMPS, which replaced FAME, struggles to take off, just 3.6% target met

Proposals range from Rs 12.6K-30K cr but FinMin reluctant to allocate more than Rs 10K cr

The FAME scheme was initially launched in 2015 with a budget of Rs 5,172 crore, and FAME-II was introduced in 2019 with Rs 10,000 crore in budgetary support, ending March 31, 2024

May 2024 has witnessed a slight recovery in E3W sales after the sector saw major decline following the end of the FAME 2 scheme in March

Companies seeking incentives for the sale of electric vehicles will be required to apply for fresh certification under FAME-III

Electric heavy-duty commercial goods carriers have a wide range of applications in sectors such as mining, ports, infrastructure development, construction, and inter-warehouse freight transport

MHI to write to FinMin on a wider ban in all government schemes