Commercial Electric 3 And 4 Wheelers Will Have To Show Permit To Avail Incentives From 1st April

- Advertisement -

No individual person can purchase more than one vehicle of the same category and claim incentives under the scheme.

Through its Rs 10,000 crore budget for the second phase of FAME scheme, the Indian government has offered several incentives for electric vehicle users. Those using these incentives for public transport though will now have to produce a valid permit to be able to do so.

- Advertisement -

Curbing misuse of incentives
Starting April 1, all the electric three-wheelers and four-wheelers used for public transport will have to produce a valid permit from a government agency to be able to avail any corresponding incentives. The mandate comes as a part of the operational guidelines laid down by the Heavy Industry Ministry for the available incentives under FAME-II.

The mandate comes as a measure to ensure that the demanded incentive is not being misused by individuals for private use. This way, the government will be making sure that the incentives allotted as an attempt to boost electric public transportation in the country will be only used for the purpose.

This necessarily means that the incentives for the electric-3W, electric-4W, and the electric-bus segment will mainly be applicable to vehicles used for public transport or commercial purposes. The mandate does not apply to electric two-wheelers though, meaning dealers can claim incentives on the sale of electric two-wheelers to individuals.

One buyer, one incentive 
The norms mention, “a dealer should ensure that only one vehicle per category per person is allowed to claim demand incentives. No individual person can purchase more than one vehicle of the same category and claim incentives under the scheme. However, there will be no restrictions for the number of vehicles to be purchased by other than individual categories of buyers”.

- Advertisement -

Most Popular Articles

Omni Design And EnSilica Expand Partnership For Wireless Communications Solutions

0
The partnership aims to enable faster, more efficient data transmission and unlock new opportunities in communication technologies. Omni Design Technologies and EnSilica have announced an...

Magenta Mobility Reaches Over 2,000 EVs In 18+ Cities

0
Magenta Mobility accelerates green logistics in India, deploying over 2,000 electric vehicles across 18+ cities, setting a new benchmark for sustainable urban transportation. Magenta Mobility,...

Tata Elxsi Unveils New Bengaluru Lab To Boost 5G

0
With the opening of its xG-Force laboratory in Bengaluru, Tata Elxsi aims to drive 5G innovation, providing infrastructure and tools for various sectors, with...

Delhi’s Environment Department Unleashes’ E-Vehicle Parade’ in Oct To Boost Adoption Rate

0
According to the officials, the primary objective of the parade is to solidify awareness of the benefits of adopting electric cars. To increase the adoption...

Hyundai, Kia, And Samsung Team Up To Boost SDV Experience

0
Hyundai Motor and Kia are collaborating with 42dot to develop a next-generation infotainment system and foster an open ecosystem. This partnership aims to enhance...
Uday Narang, Chairman, Omega Seiki Mobility

“EV Finance Companies Should Not Ignore The Logistics Sector” – Uday Narang, Chairman, Omega...

0
Almost every commercial electric vehicle finance company is currently focusing on the passenger mobility segment. However, Uday Narang believes that there is much more...

“Commercial EV Finance Is Less About Money Lending And More About Money Collection” –...

0
The biggest roadblock impeding the adoption of EVs, particularly in the commercial sector, lies in the availability of finance. But why is this proving...
Su Piow Ko, CEO, AET LED Display Limited

“Investing In Local Operations, Training, And Customer Experience Will Allow Us To Navigate Any...

0
Post-pandemic, AET LED Display Limited, based in China, is expanding to India, planning to tailor its products for the market. CEO Su Piow Ko...

“Range Anxiety And Standardisation In EV Charging Infrastructure Need To Be Addressed” – Ravi...

0
In an interview with Nitisha from EFY, Ravi Mahankali of Axonify Tech Systems, outlines the company’s EV charging solutions, covering chargers for four-wheelers, buses,...
Sirajuddin Ali, Founder and CEO of Malitra

“We Need Changes In National Building Codes, Along With Stringent Guidelines For Existing Buildings...

0
What are the policy shifts that could drive the expansion of India's EV ecosystem? Sirajuddin Ali, Founder and CEO of Malitra, an EV charging...
InCore Co-founders (L to R): Arjun Menon (Chief Engineer), G.S. Madhusudan (CEO), Neel Gala (CTO), and Gautam Doshi (Chief Architect)

InCore Unveils Six-Core RISC-V Test Chip To Accelerate Design Adoption

0
InCore Semiconductors has introduced a six-core RISC-V test chip that utilises the company’s proprietary generator technology to build its flexible architecture, allowing for the...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

Thinker bell’s Self-Learning And Remote-Enabled Braille Literacy Device

0
Bengaluru-based startup Thinkerbell Labs Pvt Ltd was founded by Dilip Ramesh, Sanskriti Dawle, Aman Srivastava, and Saif Shaikh in 2016. For many years, Braille has...

Industry's Buzz

Learn From Leaders

Startups