To promote the manufacture and use of electric vehicles in India, the Govt. of India has introduced the FAME II (Faster Adoption and Manufacturing of Electric Vehicles Phase II) subsidy. It is a benefit given to the purchaser of the electric vehicle in the form of an upfront price reduction. The FAME II subsidy amount would be a minimum of the following:
(i) 40% of the ex-showroom price (OR)
(ii) INR 15,000 per KWH of battery capacity
Any individual who has a valid identity proof and has never claimed the FAME II subsidy before for an electric 2-wheeler is eligible. The name on the identity proof must exactly match the name provided during the registration.
The FAME subsidy will be factored in the scooter price if you are eligible for it and will not have to be claimed separately.
If you are found to be ineligible for the subsidy during the document verification stage, you will be required to pay the full price.