亚博体育官网首页

Government Boosts FAME II Budget
ECONOMY & POLICY

Government Boosts FAME II Budget

In a momentous stride towards sustainable transportation, the government has allocated a substantial increase in the budget for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme. This augmented financial commitment, amounting to millions, stands as a decisive effort to expedite the widespread adoption of electric vehicles, charting a course towards a cleaner and greener future for the automotive sector.

The FAME II scheme assumes a pivotal role in incentivizing both the production and adoption of electric vehicles, contributing significantly to the nation's environmental objectives. The amplified budget is a resounding affirmation of the government's unwavering dedication to fostering innovation and mitigating the carbon footprint within the transportation industry.

This move is poised to captivate the attention of key stakeholders, including automakers, environmentalists, and consumers, who keenly anticipate a positive impact on the burgeoning electric vehicle market. The injection of these substantial funds is expected to catalyze research and development initiatives, facilitate essential infrastructure improvements, and introduce enticing consumer incentives. Consequently, this financial impetus is anticipated to render electric vehicles more accessible and appealing to a broader spectrum of consumers.

In essence, the significant increase in the budget for the FAME II scheme is not merely a fiscal allocation but a strategic investment in a sustainable and eco-friendly future. It underscores the government's proactive stance in steering the automotive industry towards cleaner alternatives, symbolizing a collective commitment to address environmental challenges and shape a transportation landscape that aligns with the imperatives of a greener tomorrow.

In a momentous stride towards sustainable transportation, the government has allocated a substantial increase in the budget for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme. This augmented financial commitment, amounting to millions, stands as a decisive effort to expedite the widespread adoption of electric vehicles, charting a course towards a cleaner and greener future for the automotive sector. The FAME II scheme assumes a pivotal role in incentivizing both the production and adoption of electric vehicles, contributing significantly to the nation's environmental objectives. The amplified budget is a resounding affirmation of the government's unwavering dedication to fostering innovation and mitigating the carbon footprint within the transportation industry. This move is poised to captivate the attention of key stakeholders, including automakers, environmentalists, and consumers, who keenly anticipate a positive impact on the burgeoning electric vehicle market. The injection of these substantial funds is expected to catalyze research and development initiatives, facilitate essential infrastructure improvements, and introduce enticing consumer incentives. Consequently, this financial impetus is anticipated to render electric vehicles more accessible and appealing to a broader spectrum of consumers. In essence, the significant increase in the budget for the FAME II scheme is not merely a fiscal allocation but a strategic investment in a sustainable and eco-friendly future. It underscores the government's proactive stance in steering the automotive industry towards cleaner alternatives, symbolizing a collective commitment to address environmental challenges and shape a transportation landscape that aligns with the imperatives of a greener tomorrow.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement