670 Electric Buses and 241 Charging Stations Sanctioned Under FAME Scheme

- Advertisement -

The government of India had announced an outlay of Rs 10,000 crore. This fund is allocated for the faster adoption and manufacturing of hybrid and electric vehicles (FAME)

In a big push towards electric mobility, the Government has sanctioned 670 new electric buses. These have been sancyioned for the states of Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair. The new sanctions come under Phase-II of FAME India Scheme.

“Happy to announce sanction of 670 Ebuses in Maharashtra, Goa, Gujarat & Chandigarh & 241 Charging Stations in MP, TN, Kerala, Gujarat & Port Blair under Phase-II of FAME India Scheme.T his is in line with PM Narendra Modi ji’s vision to push for eco-friendly public transportation,” read a recent tweet posted by Union Heavy Industries minister, Prakash Javadekar.

- Advertisement -

Under the FAME II scheme, the government of India had announced an outlay of Rs 10,000 crore. This fund is allocated for the faster adoption and manufacturing of hybrid and electric vehicles in order to boost electric mobility and increase the number of electric vehicles in commercial fleets.

About 2,80,987 hybrid and electric vehicles supported till March 2019

In the first phase of the FAME scheme upto 31 March 2019, about 2,80,987 hybrid and electric vehicles were supported by way of demand incentive, amounting to about Rs 359 crore. Further, DHI sanctioned 425 electric and hybrid buses to various cities in the country with total cost of about Rs 280 crore.

The department of heavy industry had also sanctioned 520 charging Stations for Rs 43 Crore (approx.) in cities like Bangalore, Chandigarh, Jaipur and NCR of Delhi under Phase-I of FAME-India Scheme.

At present, Phase-II of FAME India Scheme is being implemented for a period of 3 years w.e.f. First April, 2019 with a total budgetary support of Rs 10,000 crore.

This phase focuses on supporting electrification of public and shared transportation and aims to support, through subsidies, approximately 7000 e-buses, five lakh e-three wheelers, 55000 e-four wheeler passenger cars and 10 lakh e-two wheelers. In addition, creation of charging infrastructure is also supported to address the anxiety among users of electric vehicles.

- Advertisement -

Most Popular Articles

SEMI, IESA Unite To Boost Domestic Semiconductor Sector

0
Announcing a partnership at the SEMICON India event, IESA is set to represent SEMI in the domestic chip industry, besides maintaining its brand, to...

PM Modi Inaugurates SEMICON India 2024, Discusses India’s Potential

0
With already poured ₹1.5 trillion in the sector, Prime Minister Modi’s inaugural speech at the SEMICON India 2024 was all about India’s trail towards...

L&T Plans $300M For Fabless Chip Venture In India

0
Focusing on the automotive and industrial sector, Larsen & Toubro is on the way of establishing a $300 million fabless semiconductor firm in India,...

Honeywell Installs 1.4MWh Battery System To Decarbonise Lakshadweep

0
Aiming to reduce carbon emission in the Lakshadweep Islands, Honeywell has deployed a 1.4MWh battery storage system for Solar Energy Corporation’s project there, marking...

India Must Prioritize Producing Semiconductors Domestically To Reduce Imports

0
The country must become self-reliant in growing the production of critical automotive components, or vehicles will continue to be expensive in the coming years. It's...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...
Ratul Borah, Founder & CEO, Elecnovo

“Our Patent Technologies Contribute To The Advancement Of EV Industry” – Ratul Borah, Founder...

0
During an interaction with Nitisha Dubey from EFY, Ratul Borah of Elecnovo Private Limited, talks about his patent technologies and future growth strategies… Q. Please...
Mukesh Vasani, CEO, Aimtron Group

“30-40% Of Our Operations Are Outside India, But We Are Working Towards Greater Self-Reliance”...

0
In a conversation with EFY’s Nitisha Dubey, Aimtron Group CEO Mukesh Vasani highlighted key manufacturing features and global expansion strategies. Q. What milestones mark Aimtron...

“Think E2W Market Is Crowded, Then Look At The E-Rickshaw Market!” – Gopal Jaidka,...

0
There are over 150 brands claiming to manufacture electric two-wheelers in India, with new ones continually entering the fray. Is this saturation, or is...

“We Aim To Create One Village-Level Drone Entrepreneur And One Agri-Entrepreneur Across India” –...

0
Being essential in agriculture, drone operation is not an amateur’s job. In a discussion with EFY’s Nitisha, Preet Sandhuu, Co-Founder of AVPL, discusses the...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

OLA’s AI Venture Krutrim To Release Silicon Chips

0
Ola’s Krutrim partners with Arm and Untether to manufacture AI silicon chips, with plans to integrate them into electric scooters. Krutrim, the AI startup founded...
Sharath Shyamasunder, Founder and CEO of The Startup Zone

“Unfortunately, Many Startups Are Not Aware Of The Policies”

0
Should startups funnel their funding and investments into their existing bank accounts, or is it wiser to open a separate one? What are the...

Industry's Buzz

Learn From Leaders

Startups