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Hybrid/Electric Vehicles

Under FAME-India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme of the Government, Department of Heavy Industry has extended demand incentives @ Rs. 127.77 Crore for purchase of 1,11,897 Electric/Hybrid vehicles since inception of the Scheme on 1st April, 2015 till February, 2017.

Government of India approved the National Mission on Electric Mobility in 2011 and subsequently National Electric Mobility Mission Plan 2020 was unveiled in 2013. As part of the mission, Department of Heavy Industry has formulated a scheme namely FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India). The overall scheme is proposed to be implemented over a period of 6 years, till 2020, wherein it is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period. The scheme has 4 focus areas i.e. Technology Development, Demand Creation, Pilot Projects and Charging Infrastructure.

The Phase-1 of the scheme is being implemented over a 2 year period i.e. FY 2015-16 and FY 2016-17 commencing from 1st April 2015 with approved outlay of Rs. 795 Crore. Based on the outcome and experience gained in the Phase I (2 years), the scheme shall be reviewed appropriately with inputs from stakeholders and shall be considered for implementation post 31st March, 2017 with appropriate allocation of fund in the future.

This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Hybrid/Electric Vehicles

Hybrid/Electric Vehicles
Hybrid/Electric Vehicles

Under FAME-India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme of the Government, Department of Heavy Industry has extended demand incentives @ Rs. 127.77 Crore for purchase of 1,11,897 Electric/Hybrid vehicles since inception of the Scheme on 1st April, 2015 till February, 2017.

Government of India approved the National Mission on Electric Mobility in 2011 and subsequently National Electric Mobility Mission Plan 2020 was unveiled in 2013. As part of the mission, Department of Heavy Industry has formulated a scheme namely FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India). The overall scheme is proposed to be implemented over a period of 6 years, till 2020, wherein it is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period. The scheme has 4 focus areas i.e. Technology Development, Demand Creation, Pilot Projects and Charging Infrastructure.

The Phase-1 of the scheme is being implemented over a 2 year period i.e. FY 2015-16 and FY 2016-17 commencing from 1st April 2015 with approved outlay of Rs. 795 Crore. Based on the outcome and experience gained in the Phase I (2 years), the scheme shall be reviewed appropriately with inputs from stakeholders and shall be considered for implementation post 31st March, 2017 with appropriate allocation of fund in the future.

This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Hybrid/Electric Vehicles

Hybrid/Electric Vehicles

Under FAME-India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme of the Government, Department of Heavy Industry has extended demand incentives @ Rs. 127.77 Crore for purchase of 1,11,897 Electric/Hybrid vehicles since inception of the Scheme on 1st April, 2015 till February, 2017.

Government of India approved the National Mission on Electric Mobility in 2011 and subsequently National Electric Mobility Mission Plan 2020 was unveiled in 2013. As part of the mission, Department of Heavy Industry has formulated a scheme namely FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India). The overall scheme is proposed to be implemented over a period of 6 years, till 2020, wherein it is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period. The scheme has 4 focus areas i.e. Technology Development, Demand Creation, Pilot Projects and Charging Infrastructure.

The Phase-1 of the scheme is being implemented over a 2 year period i.e. FY 2015-16 and FY 2016-17 commencing from 1st April 2015 with approved outlay of Rs. 795 Crore. Based on the outcome and experience gained in the Phase I (2 years), the scheme shall be reviewed appropriately with inputs from stakeholders and shall be considered for implementation post 31st March, 2017 with appropriate allocation of fund in the future.

This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22