Deadline for localisation reporting under FAME-II extended

The Ministry of Heavy Industries has extended the deadline to September 30 for automakers to digitally record domestic value addition, for availing of government subsidy for electric and hybrid vehicles.

ET on August 24 reported, citing industry executives, that the companies would find it difficult to meet the September 1 deadline for implementing the new requirement under the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME)-II, because the systems would not be in place.