Union cabinet chaired by Prime Minister Narendra Modi approved the proposal for
implementation of scheme titled 'Faster Adoption and Manufacturing of Electric
Vehicles in India Phase II (FAME India Phase II)' for promotion of Electric
Mobility in the country.
scheme with total outlay of Rs 10,000 crore over the period of three years will
be implemented with effect from April1, 2019. This scheme is the expanded version of
the present scheme titled 'FAME India 1' which was launched on April 1, 2015,
with total outlay of Rs. 895 crore.
fund requirement for this scheme is Rs. 10,000 crores over three years from
2019-20 to 2021-22. The main
objective of the scheme is to encourage Faster adoption of Electric and hybrid
vehicle by way of offering upfront Incentive on purchase of Electric vehicles
and also by way of establishing a necessary charging Infrastructure for
electric vehicles. The scheme will help in addressing the issue of
environmental pollution and fuel security.
is on electrification of the public transportation that includes shared
Demand Incentives on operational expenditure mode! for electric buses will be
delivered through State/city transport corporation (STUs).
In 3W and 4W segment incentives will be applicable mainly to vehicles used for
public transport or registered for commercial purposes.
In the e-2Ws segment, the focus will be on the private vehicles.
Through the scheme, it is planned to support 10 Lakhs e-2W, 5 Lakhs e-3W, 55000
4Ws and 7000 Buses.
encourage advance technologies, the benefits of incentives, will be extended to
only those vehicles which are fitted with advance battery like a Lithium Ion
battery and other new technology batteries. The scheme proposes for
establishment of charging infrastructure, whereby about 2700 charging stations
will be established in metros, other million plus cities, smart cities and
cities of Hilly states across the country so that there will be availability of
at least one charging station in a grid of 3 km x 3 km.
Establishment of Charging stations are also proposed on major highways
connecting major city clusters.
On such highways, charging stations will be established on both sides of the
road at an interval of about 25 km each.
Celebrating its 120th Anniversary, Royal Enfield announced the launch of a new range of limited edition helmets earlier this week. The limited range will consist of hand painted helmets designed by ar...
Sony India has introduced the new XAV-AX8100 in-car media receiver, offering new utility features, powerful sound and smart features.
ExxonMobil Lubricants Pvt Ltd launched its upgraded Mobil Super Moto range of engine oils to make it easier for people to maintain their two-wheelers in top condition. The launch comes at a time when...
In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility
talks about his company plans to enter the two and four wheeler electric vehicle space.
Motown India speaks to Woosuk Leem, Managing Director, AS Parts Division, Mobis India to get more details about the Hyundai Mobility Membership App and its advantages.
Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by...