FAME-II Subsidy: Who Qualifies and What You Get
Learn how the FAME-II subsidy provides an upfront discount on the purchase price of electric two-wheelers in India.
The FAME-II subsidy is a government initiative designed to make electric two-wheelers more affordable for buyers through financial incentives.
Who it's for
This scheme is specifically intended for buyers of electric two-wheelers. It is designed to help people transition from traditional fuel-powered vehicles to electric alternatives by lowering the initial cost of ownership.
What you get
The primary benefit of this scheme is an upfront discount on the purchase price of e-scooters. Instead of having to claim a refund after your purchase, the benefit is applied directly to the cost of the vehicle, making the electric option more competitive against petrol-powered models.
What it costs you
There are no hidden fees or separate application costs required to access this benefit. The financial incentive is reflected directly in the showroom price provided by the dealer. When you go to purchase your vehicle, the reduction in price should already be accounted for in the quoted amount.
The catch to know
It is important to note that this subsidy does not apply to every electric vehicle available in the market. The discount only applies to specific certified models that meet the required standards set by the Ministry of Heavy Industries. You must verify that the specific e-scooter you are interested in is an approved model under the scheme before making your purchase.
How to apply
- Identify the electric two-wheeler models you are interested in purchasing.
- Verify with the seller that the chosen model is a certified model eligible for the FAME-II subsidy.
- Visit an authorized showroom to see the pricing reflected in the showroom price.
- Complete the purchase process at the dealership where the upfront discount is applied to your total.
- You can find more information on the official portal: https://fame2.heavyindustry.gov.in/