Chinese automaker SAIC subsidiary MG Motor India has expressed surprise at leaving out of private 4-wheeler electric vehicles (EVs) for support under the FAME II scheme. Under the Rs.10,000-crore FAME II (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) scheme announced last week, subsidies will be given to only to 3-wheelers and 4-wheelers used for public transport or registered for commercial purposes. In the two-wheeler segment, the focus will be on private vehicles. The Union Cabinet last week approved the FAME II scheme through which the government plans to support 10 lakh electric two-wheelers, 5 lakh 3-wheelers, 55,000 4-wheelers and 7,000 buses. MG Motor India is gearing up to launch its first pure electric vehicle - the MG eZS in the 4th quarter of this year to kick start it green mobility solution drive, stimulating deep R&D technological expertise and investments in development of various EVs components. As per company exclusion of private elec...

T oday the 28th Feb it is expected that Union Cabinet will clear Rs.10,000-crore programme under the FAME-II scheme for promotion of electric and hybrid vehicles, according to official sources. The programme would be for 3 years and would provide subsidies on electric busses, passenger cars to be used by taxi aggregators, three-wheelers and two-wheelers but will exclude private car users. Under the FAME-II, 7,000 electric buses of prices up to Rs 50 lakh or 40 per cent of cost, but only on the basis of operational expenditure (opex) and not capital expenditure (capex) model, will get subsidy. The FAME-II will also provide subsidy of up to Rs 50,000 for 5 lakh electric three-wheelers and 35,000 strong hybrid and electric passenger cars which are to be used by taxi aggregators. About 10 lakh electric 2-wheelers will also get subsidy under FAME-II. The scheme will offer incentives, such as exemption from paying road tax, registration fee, parking charges and cost of setting up of cha...