According to a media report, the government of India is likely to roll out the third installation of the FAME scheme (Faster Adoption and Manufacturing of Electric Vehicles).The report states that FAME-III could be announced within the first 100 days of the new government taking charge.
India s second-largest e-bus maker finds itself entangled in FAME allegations over likely use of Chinese parts livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
The next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Details on this and more in today s ETtech Top 5.
The third edition of the Modi government s FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.