India, July 22 -- The Government of India issued the following news release:
Under the FAME Scheme, subsidy is not provided to the Original Equipment Manufacturers (OEMs). Subsidies are provided to buyers (consumers /end users) of electric vehicles in the form of an upfront reduction in the purchase price of EVs under the scheme. This incentive or concession is then reimbursed to the OEMs by MHI.
The details of year-wise subsidy provided under the phase-I of FAME scheme is as under:
Table Omitted (The document can be viewed at https://www.pib.gov.in/PressReleasePage.aspx?PRID=2147041 )
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