Government Boosts FAME II Budget
ECONOMY & POLICY

Government Boosts FAME II Budget

In a momentous stride towards sustainable transportation, the government has allocated a substantial increase in the budget for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme. This augmented financial commitment, amounting to millions, stands as a decisive effort to expedite the widespread adoption of electric vehicles, charting a course towards a cleaner and greener future for the automotive sector.

The FAME II scheme assumes a pivotal role in incentivizing both the production and adoption of electric vehicles, contributing significantly to the nation's environmental objectives. The amplified budget is a resounding affirmation of the government's unwavering dedication to fostering innovation and mitigating the carbon footprint within the transportation industry.

This move is poised to captivate the attention of key stakeholders, including automakers, environmentalists, and consumers, who keenly anticipate a positive impact on the burgeoning electric vehicle market. The injection of these substantial funds is expected to catalyze research and development initiatives, facilitate essential infrastructure improvements, and introduce enticing consumer incentives. Consequently, this financial impetus is anticipated to render electric vehicles more accessible and appealing to a broader spectrum of consumers.

In essence, the significant increase in the budget for the FAME II scheme is not merely a fiscal allocation but a strategic investment in a sustainable and eco-friendly future. It underscores the government's proactive stance in steering the automotive industry towards cleaner alternatives, symbolizing a collective commitment to address environmental challenges and shape a transportation landscape that aligns with the imperatives of a greener tomorrow.

In a momentous stride towards sustainable transportation, the government has allocated a substantial increase in the budget for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme. This augmented financial commitment, amounting to millions, stands as a decisive effort to expedite the widespread adoption of electric vehicles, charting a course towards a cleaner and greener future for the automotive sector. The FAME II scheme assumes a pivotal role in incentivizing both the production and adoption of electric vehicles, contributing significantly to the nation's environmental objectives. The amplified budget is a resounding affirmation of the government's unwavering dedication to fostering innovation and mitigating the carbon footprint within the transportation industry. This move is poised to captivate the attention of key stakeholders, including automakers, environmentalists, and consumers, who keenly anticipate a positive impact on the burgeoning electric vehicle market. The injection of these substantial funds is expected to catalyze research and development initiatives, facilitate essential infrastructure improvements, and introduce enticing consumer incentives. Consequently, this financial impetus is anticipated to render electric vehicles more accessible and appealing to a broader spectrum of consumers. In essence, the significant increase in the budget for the FAME II scheme is not merely a fiscal allocation but a strategic investment in a sustainable and eco-friendly future. It underscores the government's proactive stance in steering the automotive industry towards cleaner alternatives, symbolizing a collective commitment to address environmental challenges and shape a transportation landscape that aligns with the imperatives of a greener tomorrow.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?