In a written reply to the Parliament, the Minister of State for Heavy Industries, Krishan Pal Gurjar, shared the details of the funds allotted to the Electric Vehicle (EV) manufacturers under the Faster Adoption and Manufacturing (FAME-II) scheme for Hybrid Electric Vehicles. As per the minister’s statement, a sum of Rs. 5790 crores was granted to electric vehicle manufacturers on the sale of 13,41,459 EVs under Phase II of the FAME-II scheme of Hybrid Electric Vehicles.
The Ministry of Heavy Industries (MHI) has sanctioned 2,877 electric vehicle charging stations in 68 cities across 25 States/UTs, out of which 148 electric vehicle charging stations are constructed and operational, the minister informed before the Rajya Sabha.
Additionally, the MHI has sanctioned Rs. 800 Cr. as capital subsidy to the three Oil Marketing Companies (OMCs) of the Ministry of Petroleum and Natural Gas (MoPNG) for the establishment of 7,432 electric vehicle public charging stations. Under Phase-II of the FAME India Scheme, subsidy amounting to Rs. 5790 crores has been provided to electric vehicle manufacturers on the sale of 13,41,459 number of electric vehicles as on 31.01.2024 (as per details given for electric vehicles claimed on FAME-II Portal as on 31.01.2024), the minister further elaborated. Moreover, the MHI has sanctioned 6,862 electric buses to various cities/STUs/State Govt. entities for intracity operations, out of which 3487 e-buses have been supplied to STUs as of 29.11.2023.
Earlier this year, the Ministry of Heavy Industries (MHI), in its gazette notification, announced an extension of the tenure of the Production Linked Incentive Scheme (PLI) for Automobile and Auto Components by one year. The decision was made after receiving the approval of the Empowered Group of Secretaries (EGoS). In pursuance of the approval of EGoS, the Ministry of Heavy Industries made partial amendments to the Production Linked Incentive (PLI) scheme for the Automobile and Auto Component Industry and the Guidelines of the Scheme. Effective from the date of publication in the Official Gazette, these amendments aim to provide clarity and flexibility to the scheme, the ministry said in a statement.
Auto manufacturing remains the core of India’s manufacturing base, accounting for over 40% of total manufacturing-linked jobs in the country, as per some estimates.
