Outlay of the FAME Phase II up from ₹10,000 crore to ₹11,500 crore.
NEW DELHI, Feb 10 (The CONNECT) – The Federation of Auto Dealers Associations (FADA) has welcomed the Government’s decision to enhance the outlay of the FAME (Faster Adoption and Manufacturing of Electric Vehicles) India Scheme Phase II from ₹10,000 crore to ₹11,500 crore.
Calling it significant, FADA president said the move not only underscores the Government’s commitment to clean mobility but also instils confidence in the ecosystem, including manufacturers, dealers and most importantly, consumers.
The revised subsidies for e-2Ws, e-3Ws, e-4Ws and the special focus on e-Buses and EV charging infrastructure are pivotal steps towards creating a sustainable and vibrant electric vehicle ecosystem in India.
“I assure that our dealer members are more energised than ever to contribute to this clean mobility drive,” he said and reiterated FADA’s commitment to work with the government to ensure that the benefits of these incentives reach the consumers effectively and to facilitate the transition towards electric vehicles
