Only Five Automobile Manufacturers Registered Under FAME II Scheme: Minister

Only Five Automobile Manufacturers Registered Under FAME II Scheme: Minister

SUMMARY

Under FAME II, the government has earmarked INR 10,000 Cr worth subsidies

FAME II scheme will be applicable mainly to vehicles used for public transport

NITI Aayog had proposed that only electric vehicles should be sold in India by 2030

As India works towards achieving 30% emobility by 2030, government’s ambitious Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme has been slow to take off with automakers.

In the last three months, since FAME II was approved, only five automobile manufacturers [OEMs] have registered themselves in this scheme.

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