Tuesday, July 16, 2024
Outlook India
Outlook Business

Fame Ii Subsidy

The Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme commenced on April 1, 2019, for a period of three years, which was further extended for a period of two years up to March 31, 2024

The company is aiming to utilise the fund to develop its third manufacturing facility, which is expected to have a one million unit capacity to develop new products