New Delhi. The government has decided to release over Rs 500 crore in subsidies to four companies – Ola Electric, Ather Energy, TVS Motor Company and Hero MotoCorp under the FAME II scheme. decided. According to the reports, this decision was taken by the government after a decision was made to reimburse consumers for the amount taken for the charger.
Government sources told TOI that the maximum amount Ola can receive is about 370 crore rupees. Ather can get around 275 crore rupees, TVS around 150 crore rupees, Hero MotoCorp can get around 28-30 crore rupees.
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What is FAME?
A few years ago, the government introduced the FAME subsidy (Faster Adoption of Electric Vehicles in India) to promote electric vehicles. In 2019, it was first introduced by the government and people received grants to buy electric vehicles. The government has set it at 10,000 rupees per kilowatt. To further promote it, the government introduced Fame 2 in 2021. Under Fame 2, the subsidy amount was increased, increasing from 10,000 to 15,000 rupees per kilowatt.
customers benefit
Customers who buy electric vehicles benefit from the Fame subsidy. For example, if you buy a Rs 1,000 car and it has a 2kw electric motor, you will save Rs 30,000 at a price of Rs 15,000 per kW.
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Tags: car news, bike news, electric vehicle, electric vehicles, electric vehicles, Hero Motocorp, Ola Cab, TV
FIRST RELEASED : May 11, 2023 5:06 PM IST
