Page 5 - Fame-ii

Centre plans to tweak allocation of FAME funds for electric buses

Unutilised Rs 2,000 cr under E3W category may be used to sponsor 3,000 e-buses

Not in receipt of Centre's notice for subsidy recovery: Okinawa Autotech

Okinawa and Hero Electric have been in the eye of the storm

Facing the heat: Govt slaps Rs 249-crore fine on Hero Electric, Okinawa

Hero Electric claimed that its vehicles were fully in compliance with the FAME certification in the subject period

Hero Electric denies receiving ministry letter for subsidy recovery

Rs 500 cr held up with government as unpaid subsidy, says company about electric two-wheeler manufacturing

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FAME-II 'defaulters': Hero Electric, Okinawa to get subsidy recovery shock

Notices to Ola Electric, Ather, TVS, Vida for 'breaching' ex-factory price cap

Subsidies corrupt decision-making processes: Bajaj Auto executive director

Some Indian electric vehicle (EV) makers are facing a probe for alleged non-compliance with the standards required to be eligible for FAME-II subsidies because of insufficient domestic value addition

Electric 2-wheeler players take on heavy industries dept on FAME 2

The companies said subsidies of as much as Rs 1,400 crore had been passed on to customers over the past 15 months

Unpaid subsidies worth Rs 1,200 cr leading to liquidity crisis: SMEV

Call for the industry and the government to work together to solve the issues

EV industry body seeks Parl's intervention in release of pending subsidies

Electric vehicle industry body SMEV on Tuesday appealed to a parliamentary panel to direct the government to release the pending subsidy of Rs 1,200 crore earmarked for the liquidity-hit sector. In a petition to the Parliamentary Standing Committees on Industry and Estimates, the Society of Manufacturers of Electric Vehicles (SMEV) stated that EV adoption is slowing down due to the financial stress being faced by the industry. The industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme. "Now that the country is almost ready with the entire supply chain, the only thing holding up the sector is the Rs 1,200 crore worth of subsidies that have been withheld leading to a serious liquidity crisis in the industry," it said. The need of the hour is for the government and the industry to work together to resolve issues and put India back on track to meet its electric mobility targets, the petition said. In December last year, U

Only Rs 180cr earmarked for electric vehicles' chargers under FAME-II

Around Rs 3,000 crore out of the total allocation of Rs 5,171.97 crore for the FAME-II scheme in the union budget for 2023-24, has been earmarked for electric buses

Electric vehicle sales cross 1-mn units in India, register growth of 58%

Two-wheelers are the biggest contributors, at 62% of total EV sales in the country

FAME II subsidy for electric vehicles at only 52% of its target

Panel recommends extension of scheme

Compliant with localisation norms under FAME II: Okinawa MD Sharma

Co submitted requisite documents; awaiting meeting with MHI; at an industry level subsidy worth Rs 1,500 cr held up

Hero Electric eyeing 1.7-2.5x volume growth in 2023, says MD Naveen Munjal

Asserts that the company is robust not to depend on govt subsidies for survival and growth

Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million

E-scooter companies likely to offer cheap chargers to meet FAME norms

The cost of the slow charger will be included within the mandatory price cap for availing the FAME 2 subsidy

Centre likely to discontinue second phase of Fame-II scheme after FY24

Instead of the Fame-II scheme, the benefits may be given through the production-linked incentive (PLI) scheme

Electric ambitions

Meaningful transition to EVs will be challenging

All 7,000 e-buses under FAME-II to run on roads in next one year: Official

Joint secretary in the heavy industries ministry Hanif Qureshi said that out of the 7,000 electric buses, over 3,000 e-buses are already operating in the country