The Ministry of Heavy Industries formulated the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from 1st April 2019 with a total budgetary support of Rs. 10,000 crore. […]
Under Phase II of the FAME-India Scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles. […]
Power Finance Corporation Ltd (PFC), a Maharatna company and the leading NBFC in the Indian power sector has sanctioned a loan of ₹633 crores to Gensol Engineering Ltd (GEL) for the purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs. […]
Scientists have fabricated improved low cost heavy rare earth-free high Nd-Fe-B magnets, which are in high demand for Electric Vehicles and can make them more affordable. […]
National Highways Authority of India (NHAI) is developing Wayside Amenities (WSA) across Highways and Expressways. The provision of an e-vehicle charging station has been made a mandatory facility […]
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