Centre Considering Outlay Of INR 11K Cr For FAME-III, Sops For E-Buses & E-Rickshaws

Centre Considering Outlay Of INR 11K Cr For FAME-III, Sops For E-Buses & E-Rickshaws

SUMMARY

The Centre is considering expanding the scope of the upcoming FAME-III scheme with a proposed outlay of INR 11,000 Cr

The government sops under the upcoming FAME-III scheme will likely be extended to electric buses, autorickshaws, ambulances and police vehicles, along with two-wheelers

This comes on the heels of the announcement by union minister H. D. Kumaraswamy that the Centre will launch the FAME-III subsidy scheme within the next two months

The electric vehicle (EV) manufacturing in India is set to get a big push with the Centre reportedly considering expanding the scope of the upcoming FAME-III scheme with a proposed outlay of INR 11,000 Cr.

The government sops under the third iteration of the Faster Adoption and Manufacturing of Electric Vehicle (FAME) scheme will likely be extended to electric ambulances and police vehicles, CNBC-TV18 reported, citing government sources.

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