{"id":21712,"date":"2019-04-10T11:44:40","date_gmt":"2019-04-10T06:14:40","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=21712"},"modified":"2019-04-10T11:44:40","modified_gmt":"2019-04-10T06:14:40","slug":"fame-2-incentivizes-e-vehicles-of-leading-indian-automobile-companies","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2019\/04\/10\/fame-2-incentivizes-e-vehicles-of-leading-indian-automobile-companies\/","title":{"rendered":"Fame 2 Incentivizes E-Vehicles of Leading Indian Automobile Companies"},"content":{"rendered":"

Fame 2 Incentives for Indian EVs<\/h1>\n

FAME\u00a02 or the Faster Adoption and Manufacturing of Electric Vehicles in India<\/strong>, got the cabinet approval in February this year. The policy aims at\u00a0promoting electric and hybrid vehicles in the country. The government is looking at encouraging the Indians to adopt electric vehicles to reduce overall levels of air pollution in India.<\/p>\n

\"fame\"<\/a><\/p>\n

The government has also increased its total capital outlay to\u00a0INR 10,000 crores from\u00a0INR 895 crores<\/em> allocated under the first phase. This budget will be spent over a period of three years from 2019-20 to 2021-22 and will be used to incentivize the buyers. These incentives will be applicable to vehicles used for public transport or registered for commercial purposes in the three- and four-wheeler segment. Private vehicles in the two-wheeler segment will also be incentivized. The government is planning to support 10 lakhs electric two-wheelers, 5 lakhs three-wheelers, 55,000 four-wheelers, and 7,000 electric buses in India<\/a>\u00a0<\/strong>through this initiative.<\/p>\n

Here is a list of incentives to be provided to e-vehicles of leading EV automobile brands in India<\/a><\/em><\/strong><\/p>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Mahindra & Mahindra<\/em><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
S.No.<\/em><\/td>\nModel Name<\/em><\/td>\nVehicle Type<\/em><\/td>\nIncentive Amount<\/em><\/td>\n<\/tr>\n
1<\/td>\nE-VERITO<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
2<\/td>\nMahindra e-Supro Cargo Van<\/td>\nFour Wheeler<\/td>\n187000<\/td>\n<\/tr>\n
3<\/td>\nMahindra E-Supro<\/td>\nFour Wheeler<\/td>\n124000<\/td>\n<\/tr>\n
4<\/td>\ne-VERITO D2<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
5<\/td>\ne-VERITO D4<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
6<\/td>\ne-VERITO D6<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
7<\/td>\ne-VERITO C2<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
8<\/td>\ne-VERITO C4<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
9<\/td>\ne-VERITO C6<\/td>\nFour Wheeler<\/td>\n138000<\/td>\n<\/tr>\n
Maruti Suzuki Ltd.<\/em><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\nMaruti Ciaz Diesel SHVS Std.<\/td>\nFour Wheeler<\/td>\n13000<\/td>\n<\/tr>\n
2<\/td>\nMARUTI ERTIGA LDI SHVS<\/td>\nFour Wheeler<\/td>\n13000<\/td>\n<\/tr>\n
TATA Motors Ltd.<\/em><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\nTATA TIGOR EV<\/td>\nFour Wheeler<\/td>\n124000<\/td>\n<\/tr>\n
2<\/td>\nTATA TIGOR EV – XM<\/td>\nFour Wheeler<\/td>\n124000<\/td>\n<\/tr>\n
3<\/td>\nTATA TIGOR EV – XE<\/td>\nFour Wheeler<\/td>\n124000<\/td>\n<\/tr>\n
4<\/td>\nTATA TIGOR EV – XT<\/td>\nFour Wheeler<\/td>\n124000<\/td>\n<\/tr>\n
TVS Motor Co.<\/em><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\nTVS KING ELECTRIC LIX<\/td>\nThree Wheeler<\/td>\n61000<\/td>\n<\/tr>\n
Hero EV Pvt. Ltd.<\/em><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\nMaxi<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
2<\/td>\nZion<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
3<\/td>\nOptima Plus<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
4<\/td>\nE Sprint<\/td>\nTwo Wheeler<\/td>\n9400<\/td>\n<\/tr>\n
5<\/td>\nPhoton<\/td>\nTwo Wheeler<\/td>\n9400<\/td>\n<\/tr>\n
6<\/td>\nCruz<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
7<\/td>\nHero Wave<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
8<\/td>\nHero Wave DX – Extra Mile<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
9<\/td>\nOPTIMA DX<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
10<\/td>\nNYX<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
11<\/td>\nOPTIMA DX LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
12<\/td>\nMaxi LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
13<\/td>\nNYX-LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
14<\/td>\nOPTIMA BX LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
15<\/td>\nCruz LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
16<\/td>\nPHOTON LI<\/td>\nTwo Wheeler<\/td>\n22000<\/td>\n<\/tr>\n
17<\/td>\nFLASH<\/td>\nTwo Wheeler<\/td>\n7500<\/td>\n<\/tr>\n
18<\/td>\nFLASH LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
19<\/td>\nPHOTON 72 V.<\/td>\nTwo Wheeler<\/td>\n9400<\/td>\n<\/tr>\n
20<\/td>\nOPTIMA PLUS LI<\/td>\nTwo Wheeler<\/td>\n17000<\/td>\n<\/tr>\n
21<\/td>\nNYX E5<\/td>\nTwo Wheeler<\/td>\n22000<\/td>\n<\/tr>\n
22<\/td>\nFLASH e5<\/td>\nTwo Wheeler<\/td>\n22000<\/td>\n<\/tr>\n
23<\/td>\nOPTIMA HS 500<\/td>\nTwo Wheeler<\/td>\n22000<\/td>\n<\/tr>\n
24<\/td>\nOptima e5<\/td>\nTwo Wheeler<\/td>\n22000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: FAME India<\/a><\/em><\/p>\n

India is expecting greater penetration of EVs on the back of a successful Fame 2 and various other initiatives taken by the government. It is estimated that the penetration of EV vehicles could reach around 80% in the case of two-wheelers and 30% for private cars by 2030, and result in cumulative savings of 846 million tonnes of CO2 over the total deployed vehicle’s lifetime.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fame 2 Incentives for Indian EVs FAME\u00a02 or the Faster Adoption and Manufacturing of Electric Vehicles in India, got the cabinet approval in February this year. [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[85,30,65],"tags":[1896,1898,2720],"class_list":["post-21712","post","type-post","status-publish","format-standard","hentry","category-ev","category-india-green-stocks-greeninvest","category-transport","tag-fame-2-incentivizes-e-vehicles-of-leading-indian-automobile-companies","tag-fame-2-policy","tag-incentives-to-indian-e-vehicles"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=21712"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21712\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=21712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=21712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=21712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}