Electric 2-wheelers to become cheaper as govt hikes FAME II subsidy

The government has made revisions to the Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India Phase II scheme that will lower prices of electric two-wheelers. It has hiked the subsidy rate for electric two-wheelers to ₹15,000 per kWh, from ₹10,000 earlier. The government also raised the cap on incentives to 40% of the vehicle cost, from 20% earlier.