FAME-II Budgetary Outlay for Electric Vehicles Increased by $180.7 Million

Electric vehicles sold until March 31, 2024, are eligible for the subsidies

February 12, 2024

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The Ministry of Heavy Industries (MHI) has enhanced the budgetary outlay of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program from ₹100 billion (~$1.20 billion) to ₹115 billion (~$1.38 billion) to encourage India’s transition to clean mobility.

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Arshreet Singh

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FAME-II Budgetary Outlay for Electric Vehicles Increased by $180.7 Million

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