The Department of Heavy Industries on Monday extended the validity of FAME-II certification of electric vehicles (EV) for obtaining subsidies to one year from the date issuance instead of a blanket expiry on 31 March.
This essentially means that automakers who received certification later than 1 April 2020 for receiving subsidies under the scheme will continue getting subsidies till 12 months from the date of issuance of the certificate and will then have another one month to renew their certification.
Faster Adoption and Manufacturing of hybrid and Electric vehicles phase-II (FAME-II) is the centre’s Rs 10,000-crore flagship EV promotion scheme that outlays subsidies for buyers.
Some of the beneficiaries of these subsidies include Ather Energy, Hero Electric, Okinawa Autotech, Ampere Vehicles, Revolt Motors, Bajaj Auto and TVS Motor.
“To streamline the process and evenly spread it out … FAME-II certificate will be valid for one year from the date of its issue for all approved vehicle models,” DHI said in its circular issued late on Monday evening.