SIAM demands FAME scheme extension, larger outlay – Feedback

Auto industry body today urged the government to increase the outlay under the FAME scheme and also bring other leftover cities in the country under its purview to push the demand for hybrid and electric vehicles.

“We request the government to come out with the much larger outlay. It is important that the very scheme, which is today applicable only in some cities, is extended to the entire country,” SIAM President Vinod Dasari said at the 56th Annual Convention of SIAM here. This is the second year of the two-year pilot FAME scheme and the industry has seen quite encouraging response from the customers, he said. “More than 80,000 electric and hybrid vehicles have been sold till now,” he added. To promote eco-friendly vehicles, the government had formally launched the FAME India scheme last year offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.

http://economictimes.indiatimes.com/industry/auto/news/industry/siam-demands-fame-scheme-extension-larger-outlay/articleshow/53941811.cms

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