New Delhi: Automobile industry players on Friday said the government’s announcement of Rs 10,000-crore FAME-II scheme brings clarity and policy stability, and will provide a big fillip to popularisation of electric vehicles in India. Appluding the move, “This will provide a big fillip to our joint efforts to introduce higher levels of electric mobility in the country,” Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said in a statement.
On Thursday, the Union Cabinet cleared a Rs 10,000-crore programme under the FAME-II scheme to be implemented over a period of three years with effect from April 1, 2019. Through the scheme, the government plans to to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses. In three-wheeler and four-wheeler segments, incentives will be applicable mainly on vehicles used for public transport or registered commercial purposes, while the focus will be on private vehicles in the two-wheeler segment.
Tata Motors President – Electric Mobility Business and Corporate Strategy Shailesh Chandra said the industry saw FAME-II as the key intervention in accelerating penetration of EVs. “It brings clarity and policy stability in the industry, thus creating an environment for all the ecosystem players to commit to the journey of sustainability,” Chandra said.
