India proposes FAME-III electric vehicle scheme with Rs 10,000 crore outlay for upcoming budget.
India is likely to release the third iteration of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme in the upcoming budget with a Rs 10,000 crore outlay. Supporting electric two, three, and four-wheelers, FAME-III aims to increase the numbers of electric vehicles on Indian roads. A final decision on the proposal will be made closer to the budget, considering the fiscal situation.
June 14, 2024
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