Subsidy of Rs 360 crore provided under FAME India Scheme
Benefit of incentives to buyers of mild hybrid vehicles under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in (FAME-INDIA) scheme was withdrawn with effect from 1 April 2017 based on the third party evaluation of Phase-I of FAME India Scheme.The Phase-I of the FAME India Scheme was launched in 2015 and continued up to 31 March 2019. Based on outcome and experience gained during the Phase-I of FAME India Scheme and after having consultations with all stakeholders including Industry and Industry Associations, the second phase of FAME India Scheme has commenced from 01 April 2019 for a period of 3 years. As on date about 2.85 lakh buyers of electric/hybrid vehicles (xEVs) have been supported by subsidy of Rs 360 crore under the FAME India Scheme.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
