To promote eco-friendly vehicles :Govt offers up to Rs 1.38 lakh incentives for electric, hybrid vehicles

To promote eco-friendly vehicles, the government today formally launched theFAME India scheme offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.
FAME India - Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India - is a part of the National Electric Mobility Mission Plan. The scheme envisages Rs 795 crore support in the first two fiscals starting with the current year.
"We are starting the scheme in metropolitan cities. Eventually the scheme will be launched in Smart Cities and all major cities across the country," Union Heavy Industries Minister Anant Geete said.
Reuters
He said the heavy industries ministry has estimated a total requirement of about Rs 14,000 crore for the scheme.

Source:-
FAME India: Govt offers up to Rs 1.38 lakh incentives for electric, hybrid vehicles - Firstpost

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