FAME III Scheme Completion Nears
ECONOMY & POLICY

FAME III Scheme Completion Nears

The FAME III scheme, aimed at boosting electric vehicle adoption in India, is nearing completion. However, the exact timeline for its finalization remains to be announced by the Union Minister. This scheme is a crucial component of India's strategy to enhance sustainable transportation and reduce emissions.

The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) III scheme is designed to provide incentives for the adoption of electric vehicles (EVs) and charging infrastructure. It builds on the success of previous phases by extending support for EV manufacturing and infrastructure development.

Although the scheme's completion is imminent, details regarding its final implementation schedule are still being finalized. The Union Minister's announcement on the timeline is eagerly awaited by industry stakeholders and consumers who are keen to benefit from the incentives and support provided under FAME III.

The scheme is expected to play a significant role in advancing India's green mobility goals and supporting the country's transition to cleaner transportation options. It is part of a broader initiative to reduce the environmental impact of the automotive sector and promote sustainable practices.

Overall, the nearing completion of the FAME III scheme represents a key step forward in India's commitment to enhancing electric mobility and supporting the growth of the green transportation sector.

The FAME III scheme, aimed at boosting electric vehicle adoption in India, is nearing completion. However, the exact timeline for its finalization remains to be announced by the Union Minister. This scheme is a crucial component of India's strategy to enhance sustainable transportation and reduce emissions. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) III scheme is designed to provide incentives for the adoption of electric vehicles (EVs) and charging infrastructure. It builds on the success of previous phases by extending support for EV manufacturing and infrastructure development. Although the scheme's completion is imminent, details regarding its final implementation schedule are still being finalized. The Union Minister's announcement on the timeline is eagerly awaited by industry stakeholders and consumers who are keen to benefit from the incentives and support provided under FAME III. The scheme is expected to play a significant role in advancing India's green mobility goals and supporting the country's transition to cleaner transportation options. It is part of a broader initiative to reduce the environmental impact of the automotive sector and promote sustainable practices. Overall, the nearing completion of the FAME III scheme represents a key step forward in India's commitment to enhancing electric mobility and supporting the growth of the green transportation sector.

Next Story
Infrastructure Transport

HMRTC to Extend Metro from Gurugram to Jhajjar

The Haryana Mass Rapid Transport Corporation (HMRTC) is progressing with plans to extend the Gurugram Metro from Basai to Bhadsa in Jhajjar, with the ridership survey expected to be completed by the end of January, according to HMRTC officials. In March, the authority had requested Railway India Technical and Engineering Services (RITES) to conduct a ridership survey, which will play a crucial role in finalising the project. The proposed route, covering 23.1 km from Basai to Bhadsa, will alleviate heavy traffic on this stretch. The ridership survey will determine whether the extension should p..

Next Story
Building Material

Siam Cement BigBloc Construction bags Tata Project’s order

SIAM Cement BigBloc Construction Technologies, a joint venture between Gujarat based BigBloc Construction and Thailand’s SCG International Corporation, has secured a work order from Tata Projects for supply and installation of AAC Panels for India’s first Semiconductor unit of Micron India in Sanand, Gujarat. The work order of approx. 2 lakh square feet is for supply and installation of 100 mm AAC panels for Micron India’s semiconductor factory at Sanand. The work order was finalized after several rounds of meetings, thorough due diligence, and factory visits, including review of mock-u..

Next Story
Infrastructure Urban

Zoomlion Releases World's Tallest Straight Boom Aerial Work Platform

Zoomlion Heavy Industry Science & Technology has released a series of groundbreaking aerial work platform (AWP) products, including the world's tallest straight boom aerial work platform, the ZT82J, with a height of 82.3 m. These innovative products further solidify Zoomlion's leadership in the AWP sector and underscore its commitment to global market development. The ZT82J marks Zoomlion's third instance of setting a world record in straight boom AWP following the 68-meter and 72-meter products. The 82.3-meter AWP boasts a platform amplitude of 34.1 meters, a maximum working load of 454 kilog..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000