FAME 2 Subsidies To End on 31 March; EV Prices Likely To Increase Drastically
FAME 2 started in 2019
FAME India Scheme Phase II Gets A Boost with Enhanced Outlay Of INR 11,500 Crore
The outlay has been augmented from INR 10,000 crore to a robust INR 11,500 crore.
SMEV Drafts new Solution To End FAME Dues Deadlock
The proposal advocates seeking recovery of subsidies from customers as a means to solving the problem.
SMEV Requests Niti Aayog To Review FAME Policy
As per SMEV, four of the top EV producers since 2018- 2020 have been relegated to the bottom four today.
Bajaj, TVS, Vida Gain After FAME Subsidy Cut
May 2023 saw Hero Electric and Okinawa, the electric scooter sales’ leaders in CY2022, post a fall in electric two-wheeler sales.
'Our Business Model Is Independent Of FAME II Subsidies'
Suhas Rajkumar, Founder & CEO, Simple Energy, says the start-up is looking at establishing a unique supplier base in India.
Hero Electric To Not Hike EV Prices Post FAME II Reduction
The Government of India recently reduced the subsidy for electric two-wheelers under the FAME II scheme, resulting in a significant price hike for electric two-wheelers.
FAME-II Subsidy Slash Has 2-Wheeler Players Flummoxed
The abrupt cut in the subsidy from 40% to 15% means that delayed vehicle registration could pose problems in recovery of subsidies for manufacturers.
Fame II Subsidy Slashed To 15% From 40% For E2Ws
The total number of E2Ws sold under FAME II scheme between April 2019 and 2023 is listed at 9.6 lakh units.
Heavy Industries Ministry Failed FAME II Test, Says SMEV
SMEV also alleged that the Ministry of Heavy Industries (MHI) is trying to paint a rosy picture of electric vehicle adoption in India.