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ARTICLE · 11 MARCH 2021

Market Intelligence Thought Leadership Award Winner

Note On Electric Vehicles(EV) In India

Department of Heavy Industry: Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India)

IndiaTransport
Alpha Partners
Alpha Partners
  • Department of Heavy Industry: Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India)
  • Department of Heavy Industry ("DHI") had launched a scheme, namely Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India ("FAME India"), for promotion of electric and hybrid vehicles with an outlay of INR 795 Crore. (Indian Rupees Seven Hundred and Ninety Five crores).
  • The Phase-I of the Fame India Scheme was initially launched for a period of 2 (two) years, commencing from 1stApril 2015, which was subsequently extended from time to time and the last extension was allowed up to 31st March 2019.
  • Based on the outcomes of Phase-I of FAME India Scheme and suggestions of various stakeholders including industry associations, DHI notified Phase-II of the Scheme, vide S.O. 1300 dated 8th March 2019,1 with the approval of Cabinet with an outlay of INR 10,000 Crore (Indian Rupees Ten Thousand crores) for a period of 3 (three) years

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