National Automotive Board (NAB)

Note 1 : “Incentive under the FAME II Scheme will be valid for the vehicles sold & registered till March 31, 2024”. new

Note 2 : Demand Incentive for e-3W and e-4W registered w.e.f. 9th February 2024. The cost of vehicle, referred to in clause 26 of the notification dated 8th March, 2019 shall mean “ex-factory price” of vehicle i.e. “price of vehicle at factory gate before applicable taxes”. new

Note 3 : Scheme outlay of FAME India Scheme Phase II enhanced from ₹10,000 crore to ₹11,500 crore. Further, it is hereby informed that the scheme is fund and term limited scheme i.e. the subsidies for demand incentive will be eligible for e-2w, e-3w and e-4w sold till March 31, 2024 or till the time funds are available, whichever is earlier. new

Note 4 : All the Registered OEMs Under FAME INDIA II Scheme are advised to get their vehicle Models Certified as per AIS 156 under CMVR as amended from time to time, in order to be eligible to Claim Subsidy under FAME INDIA II Scheme.