Rs 437 cr subsidy to 11 cities under FAME India

The selected cities have been asked to finalise tenders and float supply orders before February 28, 2018

GN Bureau | December 28, 2017


#subsidy   #Anant Geete   #Electric vehicles   #FAME  

Minister of public enterprises Anant Geete has announced the centre is providing Rs 437 crore subsidy to 11 cities under Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India (FAME India) for launching electric public transport.

 
Cities like Delhi, Ahmedabad, Bangalore, Jaipur, Mumbai, Lucknow, Hyderabad, Indore and Kolkata, plus two cities – Jammu and Guwahati under special category - would benefit.
 
The nine big cities in the list will be given subsidy for 40 buses each while Jammu and Guwahati will get for 15 buses each.
 
The government will roll out subsidy for taxis to Ahmedabad (20 taxis), Bangalore (100 taxis), Indore (50 taxis) and Kolkata (200 taxis) based on their demands. Bangalore will get subsidy for 500 three wheelers, Indore for 200 and Ahmedabad for 20, taking the total number of subsidised electric vehicle to 390 buses, 370 taxis and 720 three wheelers.
 
The chosen cities have been asked to finalise tenders and float supply orders before February 28, 2018. Through this expression of interest, the department of heavy industry would spend about Rs 437 crore under FAME India scheme (Phase I), which includes about Rs 40 crore as incentives for installation of charging infrastructure. 
 
The effort is a significant boost to electric mobility to roll out electric buses, three-wheelers and shared cabs for multi-modal public transport.
 

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