Cabinet approves PM E-DRIVE scheme (FAME-III) – These companies impacted

Cabinet approves PM E-DRIVE scheme (FAME-III)

₹10,900 crore was allocated over 2 years to advance EV adoption, replacing the FAME II Scheme. It aims at – 24.79Lakh e-2Ws, 3.16L e-3Ws, and 14,028 e-buses.

Subsidies/Demand incentives worth ₹3,679 crore for e-vehicle, ₹4,391 crore for e-bus procurement, and ₹2,000 crore for fast chargers.

Here are the top 5 companies impacted with this development!
🔸 Bajaj Auto
🔸 TVS Motors
🔸 Mahindra And Mahindra
🔸 Tata Motors
🔸 Ashok Leyland