The government is likely to allocate up to Rs 50,000 crore for promoting green technologies across various segments of the automobile sector, said people aware of a preliminary draft note prepared by the Ministry of Heavy Industries (MHI).
This outlay could either be used for the launch the third phase of the FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) scheme, or incentivising green technologies at the manufacturers’ end or for the vehicle buyers.
