FAME Alone Not Enough to Boost EV Adoption Updated On Mon, May 6th, 2019 by Saurenergy FAME alone is not enough to reach the 2030 target, various measures as prerequisites are needed in this transition. Policies like FAME need to be supplemented with measures such as domestic manufacturing of vehicles, batteries, and components to boost mass adoption of electric vehicles by 2030, industry body Confederation of Indian Industry (CII) has said. […] Read more
Over 90% of Electric 2Ws in India To Lose FAME II Subsidy: Report Updated On Mon, Apr 8th, 2019 by Saurenergy A shocking discovery has been made for the Indian electric two-wheeler manufacturers, the much-awaited FAME II scheme eligibility criteria will see around 95% of the existing electric two-wheelers miss the subsidy support, says a report by CRISIL. On March 28, 2019, the Ministry of Heavy Industry and Public Enterprise issued a notification, which laid out […] Read more
Success of FAME II, Other Measures Help in Realizing High EV Penetration by 2030: Niti Report Updated On Sat, Apr 6th, 2019 by Saurenergy Niti Aayog in its report said that, “According to the analysis, if FAME II and other measures – in public and private space – are successful, India could realize EV sales penetration of 30% of private cars, 70% of commercial cars, 40% of buses and 80% of two and three-wheelers by 2030.” On the back […] Read more
Public Transport Permit Mandatory for Commercial EVs To Avail FAME-II Incentives Updated On Fri, Mar 29th, 2019 by Saurenergy The Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme in its second phase starting next week, has made Public transport Mandatory for commercial EVs. From April 1, the owners of commercial electric vehicles (three wheelers and four wheelers) will be required to have a public transport permit from a government agency in […] Read more
Cabinet Approves Second Phase of FAME Scheme with Outlay of Rs 10,000 Cr Updated On Fri, Mar 1st, 2019 by Saurenergy The Union cabinet has approved the second phase of the FAME scheme with an incentive layout of Rs 10,000 crores. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for the implementation of the Rs 10,000-crore Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme for promotion […] Read more
Budget 2019: Govt Hikes Allocation under FAME Scheme by 34.5% to Rs 195 Cr Updated On Wed, Feb 6th, 2019 by Saurenergy The government had allocated Rs 145 crore for the current financial year, as per the Union Budget revised data for the financial year 2018-19. With an aim to provide further boost for the adoption and manufacturing of electric vehicles in India, the Central Government has increased the sum allotted under its ambitious FAME India (Faster […] Read more
Govt Extends FAME-I for 6 Months; Withdraws Conventional Battery Vehicles Sops Updated On Fri, Sep 28th, 2018 by Saurenergy The Heavy Industries Ministry said in a statement that, incentives in the remaining period of the scheme shall only be available for registered vehicles. In a bid to promote electric and hybrid vehicles, the Government of India has extended the first phase of the FAME-India scheme by another 6 months till March 31, next year. However, it […] Read more
PM Modi to Launch FAME India II on September 7 Updated On Wed, Aug 29th, 2018 by Saurenergy The 1st phase of FAME India scheme came into effect on 1st April 2015 in order to incentivize the mass adoption of electric/hybrid vehicles and to support hybrid/electric vehicles market development and manufacturing eco-system. Enhancing India’s approach towards the use of hybrid and electric vehicles, PM Narendra Modi will launch the 2nd phase of FAME […] Read more
Tata Power’s CGPL Wins ‘Gold’ at FAME ‘Excellence in Safety’ Awards Updated On Mon, Aug 6th, 2018 by Saurenergy The award, given by the Foundation for Accelerated Mass Empowerment (FAME), recognizes industries for implementing best occupational health and safety systems, processes and practices. Tata Power’s wholly owned subsidy in Gujarat, Coastal Gujarat Power (CGPL) won ‘Gold’ at the FAME ‘Excellence of Safety’ awards for best safety practices and implementing workplace safety norms for the […] Read more
