Government Subsidies For Electric Cars Manufacturers In India

The scheme, namely ‘Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India – FAME India’ has been launched by the Department of Heavy Industry for the initial phase of two years w.e.f 1st April 2015. This scheme offersincentives in the form of upfront reduced purchase price to the buyers of electric/hybrid vehicles (Green vehicles).

Under this scheme, demand incentives shall be available to buyers in the form of upfront reduced purchase price. All types of vehicles like 2 wheelers, 3 wheelers, 4 wheelers, Light Commercial Vehicles, Buses and also retro fitment vehicles are covered under this scheme. Initially, this scheme is launched in select cities for the period of two years starting from 1st April 2015. The details of the scheme are given in the Scheme Guidelines notified in the Extraordinary Gazette of India dated 25th March 2015 and the same is available on the website of Department of Heavy Industry.

The department has also taken all the necessary action for wider acceptance of this scheme. After the notification of this scheme, vehicles test centres have been informed for testing of vehicles to be entitled to get the benefit of this scheme as per scheme guidelines. Further, operational guidelines have also been issued for the OEMs and dealers for the procedure to be followed at the time of sale of vehicles.

This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises, Shri G.M. Siddeshwara in a written reply in Lok Sabha today.