Fame India Programme

FAME-III scheme implementation in final stages, timeline remains unknown

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

Govt working on FAME III, implementation expected soon: Kumaraswamy

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

Hybrids in UP: Only FAME II vehicles eligible for state scheme benefits

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

FAME-III likely to be released on Budget day with Rs 10,000 crore outlay

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

EV incentive scheme FAME 3 to roll out with Rs 10,000 crore outlay

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

Govt plans electrifying interstate buses with charging infra on key routes

Nearly 1.25-1.45 million buses (mainly diesel) operate on intercity or interstate routes currently, with around 250,000 controlled by state governments

Govt considering termination of FAME subsidy for electric two-wheelers

Earlier, the finance ministry expressed its concerns about the continuation of the scheme, now, other government departments have also agreed to North Block's views

Top four electric two-wheeler makers give refund of Rs 10 crore to buyers

An investigation by the Centre found that some electric two-wheeler manufacturers were billing their charger separately to their electric scooters to cut the reported sale price of their products

FAME 3.0: Govt considering a renewed subsidy plan to support EV industry

Companies engaged in the electric two-wheeler industry have been demanding a fresh round of financial support, arguing that a complete withdrawal will kill sales

FAME subsidy cut, subsequent price hike take e-scooter sales down 61% MoM

The dip in sales has come after electric two-wheeler manufacturers hiked the prices of their products by 15-18 per cent

Hero Electric denies receiving ministry letter for subsidy recovery

Rs 500 cr held up with government as unpaid subsidy, says company about electric two-wheeler manufacturing

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Electric vehicle sales cross 1-mn units in India, register growth of 58%

Two-wheelers are the biggest contributors, at 62% of total EV sales in the country

FAME II subsidy for electric vehicles at only 52% of its target

Panel recommends extension of scheme

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

FAME: Electric 2-wheeler manufacturers deny allegations of non-compliance

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

FAME-II: Centre pushes state govts to place more electric bus orders

FAME-II was launched with an outlay of Rs 10,000 crore for a three-year period, but was extended till March 2024

FAME subsidy violation: Two-wheeler EVs under fire for pricing breach

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales

FAME II: E2W makers want govt to delay localisation norms by 12-18 months

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

PLI scheme will accelerate commitment to new technologies: Automakers

The scheme will contribute towards reducing carbon emissions and oil imports with local manufacturing