GOVT NOTIFIES PM E-DRIVE SUBSIDY SCHEME WITH RS10,900 CR OUTLAY
The Sunday Guardian|October 06, 2024
The central government notified the PM Electric Drive subsidy scheme with an outlay of Rs10,900 crore, which will be implemented from tomorrow, October 1, 2024, till March 31, 2026.
GOVT NOTIFIES PM E-DRIVE SUBSIDY SCHEME WITH RS10,900 CR OUTLAY

The scheme aims to accelerate the adoption of electric vehicles (EVs) in India, focusing on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), electric buses, and other emerging EV categories.

Background and Evolution of EV Promotion Schemes The PME-DRIVE Scheme follows the earlier Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME-I) and FAME-II programs.

Launched in 2015, the FAME-I scheme had an initial outlay of Rs795 crore, later extended to Rs895 crore.

After a review of FAME-I, the government introduced FAME-II in 2019 with a much larger budget of Rs10,000 crore, which was later enhanced to Rs11,500 crore to extend its support for electric mobility until March 2024.

This story is from the October 06, 2024 edition of The Sunday Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 06, 2024 edition of The Sunday Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE SUNDAY GUARDIANView All
GST COLLECTIONS IN OCTOBER UP BY 9%
The Sunday Guardian

GST COLLECTIONS IN OCTOBER UP BY 9%

Goods and Services Tax (GST) collections in October, in gross terms, were at Rs 1.87 lakh crore, with a yearly jump of 8.9 per cent, according to data from the finance ministry released on Friday.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

SHEIKH ZAYED FEST SEES HUGE TURNOUT

Under the patronage of President Mohamed bin Zayed AI Nahyan, the Sheikh Zayed Festival 2024-2025, the new edition of the festival launched on Friday and will run until 28th February 2025.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

SHELF LIFE OF FRUITS VEGGIES

Before your favourite produce arrives at the grocery store, it must be carefully harvested and stored for extended periods of time.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

JENNIFER LOPEZ SUPPORTS KAMALA

In a passionate show of support for Vice President Kamala Harris, Jennifer Lopez took the stage at a rally in Las Vegas, delivering a powerful rebuke of former President Donald Trump following a controversial remark made by comedian Tony Hinchcliffe.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

GOOGLE EXPANDS SPLIT-SCREEN GEMINI FUNCTION

Google has announced the expansion of its Gemini Al assistant, enabling split-screen functionality on a wider range of devices, including various Samsung Galaxy and Google Pixel tablets and foldable phones.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

SQUID GAME 2 TRAILER OUT ON NETFLIX

Fans of Squid Game are in for a treat as Netflix has just released a new teaser trailer for Season 2 of the global hit series during the Lucca Comics & Games event.

time-read
1 min  |
November 03, 2024
The Sunday Guardian

ARMIE'S LATEST FILM IS 'FRONTIER CRUCIBLE'

Armie Hammer is poised to make his return to the big screen with the upcoming Western film, Frontier Crucible'.

time-read
1 min  |
November 03, 2024
EU set to increase tariffs on Chinese electric cars
The Sunday Guardian

EU set to increase tariffs on Chinese electric cars

The European Commission has given the final green light to steep tariffs on electric vehicles (EVs) made in China, officially closing the probe that began one year ago, as per Euro News.

time-read
2 mins  |
November 03, 2024
Maruti registers highest-ever monthly sales in festive-filled Oct
The Sunday Guardian

Maruti registers highest-ever monthly sales in festive-filled Oct

India reported its highest-ever monthly sales volume at 206,434 units.

time-read
1 min  |
November 03, 2024
DEMAND FOR TRACTORS SHOWS GOOD MOMENTUM
The Sunday Guardian

DEMAND FOR TRACTORS SHOWS GOOD MOMENTUM

A report by Motilal Oswal highlighted that the demand for passenger and commercial vehicles moderated in October while the demand for two-wheelers and tractors showed positive momentum.

time-read
1 min  |
November 03, 2024