EV Makers Call for Stability in Incentives Before FAME III Rollout

04 Jul 2024 CW Team

Electric vehicle (EV) manufacturers are advocating for stable and long-term incentives before the rollout of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Phase III. The call comes amid industry concerns over the continuity of subsidies and incentives crucial for promoting EV adoption and manufacturing in India.

The FAME scheme, initiated to accelerate the adoption of electric vehicles and reduce vehicular emissions, has been instrumental in incentivizing EV production and purchase. However, industry stakeholders emphasise the need for clarity and assurance on subsidy continuation beyond the current phases to sustain market confidence and investment.

Manufacturers argue that a stable policy environment with consistent incentives is essential for planning long-term investments in EV manufacturing infrastructure, research and development, and market expansion. They emphasise that any uncertainty in subsidy schemes could deter potential buyers and disrupt supply chain dynamics, impacting the growth trajectory of the EV sector.

Stakeholders within the EV ecosystem are urging the government to provide a clear roadmap for subsidies and incentives under FAME III, aligning with industry growth projections and technological advancements in electric mobility. This proactive approach aims to foster a conducive environment for innovation and investment in sustainable transportation solutions.

The EV industry's appeal underscores the importance of policy continuity and robust support mechanisms to achieve India's ambitious targets for electric mobility adoption. As the government prepares to launch FAME Phase III, stakeholders advocate for policy stability as a critical factor in realising the full potential of electric vehicles in addressing environmental challenges and enhancing energy security.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..