Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.
Ad

New FAME initiative will provide subsidy for all electric cars in India

August 24, 2018, 12:25 PM IST by Omkar Thakur
New FAME initiative will provide subsidy for all electric cars in India

- Only electric vehicles, no hybrids included

- The subsidy will depend upon the price tag for all – 2-wheelers, 3-wheelers and cars

The government of India has finalised the second phase of the FAME initiative that was launched in 2015 to promote the sale of electric and hybrid cars. The Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India has been redrawn to exclude hybrid vehicles and will concentrate only on fully electric cars.

Under the FAME II scheme, the government has allotted funds amounting to Rs 5,500 crores to subsidize electric vehicles. This includes all types of vehicles from two-wheelers to three-wheelers, passenger cars, taxis and even buses. As of now, the subsidies are being claimed by manufacturers at the end of every month based on the sales.

While the automotive industry has been rallying for increased support for hybrid vehicles to ease the transition from fossil fuel cars to electric vehicles, the FAME committee comprising of senior bureaucrats from the transport ministry, Niti Aayog and other ministries, have decided against it.

The subsidy will range from Rs 1,800 to Rs 29,000 for two-wheelers and Rs 3,000 to Rs 61,000 for three-wheelers, depending upon the technology and the invoice price. The amounts will be higher for electric cars and buses and should run into lakhs of rupees.

 
  • Mahindra
  • Mahindra e2o Plus
  • e2o Plus
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
Ad

Mahindra e2o PLUS Price in India

CityOn-Road Prices
Mumbai₹ 8.34 Lakhs onwards
Bangalore₹ 8.15 Lakhs onwards
New Delhi₹ 10.09 Lakhs onwards
Hyderabad₹ 8.63 Lakhs onwards
Chennai₹ 8.22 Lakhs onwards
Kolkata₹ 7.82 Lakhs onwards
  • Upcoming Cars

Renault Kwid FaceliftRenault Kwid Facelift

Sep 2019

3L - ₹ 5L
Audi New A6Audi New A6

Sep 2019

50L - ₹ 60L
Tata Tiago FaceliftTata Tiago Facelift

Oct 2019

4L - ₹ 7L
Nissan Leaf EVNissan Leaf EV

Oct 2019

30L - ₹ 35L
Maruti Suzuki S-PressoMaruti Suzuki S-Presso

Oct 2019

4L - ₹ 7L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in