Fame 2 subsidy: Understand the FAME 2

Understand the FAME 2 subsidy for electric vehicles in India, its benefits, and how to apply for incentives. Learn about the government scheme to promote electric vehicles in India, the eligibility criteria, the subsidy amount and the benefits of buying an electric scooter. Find out how TVS Motor Company supports sustainable mobility solutions and welcomes the improved incentives for EVs. Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e- 2 Wheelers. However, depending upon off-take of ... Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India ( FAME India) Scheme Phase-II was implemented for a period of five years from 1st April, 2019 with a total budgetary support of Rs. 11,500 crore. The scheme-incentivized e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations. Under FAME India Scheme Phase-II, as on 31.12.2024, the following number of electric vehicles (EV) have been supported : -