New Delhi: The announcement of the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-2) scheme on Thursday, with an outlay of ₹10,000 crore for a period of three years, has been welcomed by automakers that were waiting for a signal before committing huge investments in electric mobility.
Government support for FAME-2 is holistic and includes a focus on the charging infrastructure and Make in India, said Pawan Goenka, managing director at Mahindra and Mahindra Ltd. “The new outlay of ₹10,000 crore over a period of three years provides a stable policy to promote green mobility in India,” said Goenka.
“It addresses key issues, including national energy security, mitigation of the adverse impact of vehicles on the environment and growth of domestic technology and manufacturing capabilities.
