🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Centre Considering Outlay Of INR 11K Cr For FAME-III, Sops For E-Buses & E-Rickshaws
Inc42
·
10m ago
Medial
The Indian government is planning to expand the FAME-III scheme, which aims to provide subsidies for electric vehicles. The proposed scheme will now include electric buses, autorickshaws, ambulances, police vehicles, and two-wheelers. The government is considering an outlay of INR 11,000 crore for the scheme. This announcement comes following a statement by union minister H. D. Kumaraswamy that the FAME-III subsidy scheme will be launched in the next two months.
View Source
Related News
FAME-III Subsidy: Centre To Penalise EV OEMs If Localisation Norms Flouted
Inc42
·
1y ago
Medial
EV companies seeking subsidies under FAME-III will need to pass a twice-yearly techno-commercial audit to ensure compliance with localisation guidelines. Non-compliance will require companies to refund subsidies with interest at a higher rate than the marginal cost of funds-based lending rate. The FAME-III scheme, expected to have an INR 10,000 crore outlay, will likely be announced in the upcoming budget.
View Source
Cabinet Approves PSM Scheme With INR 3,435 Cr Outlay To Promote Adoption Of Ebuses
Inc42
·
10m ago
Medial
The government has introduced a new scheme to promote electric buses in India. The scheme aims to deploy more than 38,000 electric buses over a five-year period from 2025 to 2029. The government will provide support for the operation of these buses for up to 12 years. In addition to this scheme, the government has also approved the FAME-III scheme, now called the PM E-DRIVE scheme, to promote electric vehicles in the country.
View Source
FAME III Unlikely To Be Feature In Union Budget
Inc42
·
1y ago
Medial
The Centre is working on the FAME-III scheme to promote electric vehicle adoption in India, according to HD Kumaraswamy. The reduction of taxation on hybrid vehicles is still being considered, with PM Narendra Modi having the final say. The FAME-III scheme is expected to have a budget of INR 10,000 Cr and will be announced in the Union Budget.
View Source
Centre Rolls Out INR 500 Cr Scheme To Push For E-Mobility
Inc42
·
1y ago
Medial
The Indian government has announced a new Electric Mobility Promotion Scheme 2024, with an allocation of INR 500 Cr (approximately $67 million) to support the sales of electric two- and three-wheelers. The scheme aims to avoid disruption in the EV ecosystem as the current FAME-II scheme comes to an end. The new scheme will provide incentives for 3.37 Lakh electric two-wheelers, 41,306 electric three-wheelers, 13,590 e-rickshaws, and 25,238 L5 electric three-wheelers. This comes as a response to the industry demand for incentive schemes and to promote the adoption of electric vehicles in the country.
View Source
New INR 500 Cr Scheme To Promote E-Mobility Kicks Off Today
Inc42
·
1y ago
Medial
The Indian Ministry of Heavy Industries has launched the INR 500 Cr Electric Mobility Promotion Scheme 2024 (EMPS 2024) to support the adoption of electric vehicles (EVs) in the country. The four-month scheme, which started on April 1, aims to promote the use of electric two-wheelers and three-wheelers by providing subsidies of up to INR 10,000 and INR 25,000 respectively. It also aims to accelerate the development of the EV manufacturing ecosystem and create employment opportunities. The EMPS 2024 scheme follows a temporary four-month extension granted to the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, with an additional outlay of INR 500 Cr.
View Source
EV Subsidy Scheme: Cabinet Approves PM E-DRIVE With An Outlay Of INR 10,900 Cr
Inc42
·
10m ago
Medial
The Indian government is set to implement PM E-DRIVE, a new scheme to promote electric vehicles (EVs) that will replace the existing FAME scheme. With a budget of INR 10,900 Cr over two years, PM E-DRIVE aims to provide subsidies and demand incentives of INR 3,679 Cr for various types of EVs, including two-wheelers, three-wheelers, ambulances, trucks, and other emerging EVs. The Ministry of Heavy Industries plans to introduce e-vouchers that EV buyers can use to avail demand incentives.
View Source
Govt working on FAME III, implementation expected in near future: HDKumaraswamy
YourStory
·
1y ago
Medial
The Indian government is working on implementing the FAME III scheme, which aims to promote and support electric mobility in the country. The Minister for Heavy Industries and Steel, HD Kumaraswamy, mentioned that preparations are underway and various ministries have recommended how to implement the program. However, FAME III is not expected to be announced in the upcoming Union Budget. The government is also considering a reduction in taxes on hybrid vehicles, which will be discussed under the leadership of Prime Minister Narendra Modi. The Minister further emphasized the importance of preparing the workforce for electric mobility to achieve India's ambitious goals.
View Source
H D Kumaraswamy tells automakers to follow PM E-DRIVE norms
Money Control
·
9m ago
Medial
Union Minister H.D. Kumaraswamy has urged automakers to adhere to the guidelines of the new PM E-DRIVE scheme, which provides incentives for electric vehicle production. This comes after controversy surrounding the FAME-II scheme, where some companies were accused of violating regulations to receive fiscal incentives. The government recently launched the PM E-DRIVE scheme with an outlay of Rs 10,900 crore to accelerate EV adoption and develop the EV manufacturing ecosystem in India. The scheme will be implemented from October 2024 to March 2026 and will replace the EMPS-2024 scheme.
View Source
FAME-III To Be Launched In Two Months: Union Minister Kumaraswamy
Inc42
·
11m ago
Medial
The union minister for heavy industries emphasized the need for a skilled workforce to support the transition to electric mobility. Working with industry bodies, efforts are being made to bridge the skill gap and prepare a capable workforce for the future. Suggestions for the next phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, FAME-III, including those from the Prime Minister's Office, have been received by the ministry. Following the conclusion of FAME-II in April, the government introduced the INR 500 crore Electric Mobility Promotion Scheme (EMPS) 2024, which will remain valid until the end of September.
View Source
Strides towards E-Mobility; Govt mulls building 6,000 KM of EV-ready highways on golden quadrilateral
Inc42
·
1y ago
Medial
The Indian government is considering building 6,000 kilometers of electric vehicle-optimized highways on the Golden Quadrilateral to promote e-mobility and reduce fuel consumption and emissions. The initiative is part of the proposed Vision 2030: PM Public Transport Sewa. The development of e-highways is expected to drive the growth of charging infrastructure, encouraging the use of electric cars for daily commuting. The government plans to replace 800,000 diesel buses with electric ones by 2030, deploying 2,00,000 electric buses for state transport undertakings, 5,50,000 for private operators, and 50,000 for schools and employee transportation.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
