Govt working on FAME III, implementation expected soon: Kumaraswamy

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Govt working on FAME III, implementation expected soon: Kumaraswamy - Business Standard

Quick Summary:

The third phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme will, however, not be featured in the upcoming Union Budget, the Minister for Heavy Industries and Steel told reporters here on the sidelines of an event organised by auto industry body SIAM.

The government is working on the FAME III scheme for promotion of electric mobility and it is likely to be implemented in the near future, Union Minister HD Kumaraswamy said on Tuesday.

In future, some months or some future days it is going to be implemented," he said when asked about the demand from the auto industry on FAME III scheme.