NEW DELHI: With the government yet to freeze the contours of and allocate resources to implement phase two of the FAME (Faster Adoption & Manufacturing go Hybrid and Electric Vehicles) India Scheme, the Department of Heavy Industries extended for an additional six months phase one of the programme to promote purchase and usage of green vehicles.This is the third time that the phase one of the FAME India Scheme has been extended. The extension of the scheme will deemed to have come into effect from April 1, 2018 and will be valid till Sep 30, 2018.The Ministry of Heavy Industries & Public Enterprises in a notification said, “…the period of the FAME India Scheme is further extended for a further period of six months i.e. upto 30thSeptember 2018 or till date of launching of Phase-II of FAME-India Scheme , whichever is earlier. Under the NEMMP scheme, the government was to invest up to Rs 14000 crore in creating infrastructure and promoting the use of environment-friendly electric vehicles.Industry was to pitch in the extra Rs 10000 crore required to develop products and create a manufacturing ecosystem. Price rebates of up to 20% were offered, subject to a maximum of Rs 1 lakh for an electric car

Source: Economic Times April 14, 2018 09:00 UTC