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Electric Vehicle Scheme: Government EV push, FAME II ending March 31st 2024, FAME III likely in main budget in July, ET Auto

Published: March 31, 2024

Electric Vehicle Scheme: In the Interim budget of this year, finance minister has allocated INR 2671.33 crore for FAME III scheme but details of it is likely to be announced by the new government in the main budget in July 2024. It is almost 44% cut from the allocation of FY 2023-24, but Industry expects government will hike this amount in the main budget.

Source: indiatimes.com

EV Sales: India's electric two-wheeler sales surge 34.42% in Q3 FY 24, anticipation high for FAME III scheme, ET Auto

Published: January 31, 2024

EV Sales: The upward trend in the electric two-wheeler market is further evidenced by the impressive sales figures in the ongoing fourth quarter (Q4 FY 24), with 76,301 units already sold, pointing to a strong finish for the fiscal year.

Source: indiatimes.com

Electric Vehicle Subsidy India: Finance ministry not inclined to charge up FAME 3, ET Auto

Published: November 3, 2023

Electric Vehicle Subsidy India: According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being offered under performance-linked incentives for battery, and auto component manufacturing.

Source: indiatimes.com