Budget 2024: FAME scheme outlay slashed by 48% to ₹2,671 crore
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
fame ii subsidy
February 2024
June 2023
Auto OEMs in financial distress, face closure owing to FAME-II subsidy cut: SMEV tells NGT
According to SMEV, the subsidy cut is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country.
EV lobby proposes ₹3,000 crore rehabilitation fund for OEMs
The total amount of subsidies withheld and still due to various electric two-wheeler OEMs amounted to over ₹1,200 crore, claims SMEV
India to have 87% EV penetration in new vehicle sales by 2047: Report
Time for EVs in the country has come mainly because of energy security and environmental concerns, says Tarun Kapoor, advisor to the PM
