Phase II of FAME will Focus on Electrification of Public Transportation Updated On Wed, Jul 3rd, 2019 by Saurenergy The second phase of the FAME scheme will focus on supporting the electrification of public and shared transportation over the next three years. The second phase of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme will focus on supporting the electrification of public and shared transportation over the next three years, the Minister of Heavy Industries and […] Read more
Move to add Momentum to Charging Station Build Up Coming Updated On Wed, Jun 12th, 2019 by Saurenergy Close on the heels of Uttar Pradesh’s policy prescription for charging stations, the central government is set to unveil its own subsidy proposals for all states. The proposal is a follow up to the Fame 2 subsidy proposals, which have shifted the benefits of subsidies to public transport and two-wheelers. The FAME India Scheme (Faster […] Read more
R K Singh Seeks Removal of Priority Sector Lending Limit for RE Sector Updated On Tue, Jun 11th, 2019 by Saurenergy Indian Power and new renewable energy minister R K Singh yesterday pitched for removal of priority sector lending limit for green energy projects. In the meeting, it was decided that MNRE would follow up with RBI for removal of the priority sector lending limit for RE sector. This will encourage the Public Sector Banks to […] Read more
Interview with Manish Gupta, Managing Director, Insolation Energy Pvt Ltd Updated On Sat, May 18th, 2019 by Saurenergy Industry Needs Some Breathing Space in Terms of Prices to Grow Cost of module is really the toughest part of the business. We have maintained low prices despite an increase in RM cost. We are managing by increasing the capacity so that fixed costs are reduced and by high volume procurement we have been […] Read more
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
SBI Cuts Loan Rates for Electric Vehicles Purchases Updated On Fri, Apr 26th, 2019 by Saurenergy In an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. In an attempt to incentivize the consumers to shift towards green vehicles, SBI has cut rates on auto loans for the purchase of electric cars. Borrowers will get […] Read more
China Cuts Electric Vehicle Subsidies To Push Innovation Updated On Thu, Mar 28th, 2019 by Saurenergy After a huge spike in sales of electric vehicles, China has announced plans to reduce subsidies for electric vehicles sold in the country. China said it’s scaling back subsidies on electric vehicles to encourage local manufacturers to rely on innovation rather than government assistance as the industry matures and costs fall. However, the cuts were […] Read more
Viz-A-Viz with Venkatesh Dwivedi, Director (Projects), Energy Efficiency Services Limited Updated On Mon, Mar 25th, 2019 by Saurenergy EESL Working Towards Removing Various Hurdles to Facilitate E-Mobility Growth EESL has been working towards removing various hurdles to facilitate the growth of electric mobility in the country. With our approach of demand aggregation and bulk procurement, we have been able to contribute to addressing significant challenges like low demand, the high upfront cost of […] 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
