The government is working on the FAME III scheme for promotion of electric mobility and it is likely to be implemented in the near future, Union Minister HD Kumaraswamy said on Tuesday.
The third phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme will, however, not be featured in the upcoming Union Budget, the Minister for Heavy Industries and Steel told reporters here on the sidelines of an event organised by auto industry body SIAM.
"Already preparatory work is going on. All the several ministries have recommended how to implement the FAME III programme. In future, some months or some future days it is going to be implemented," he said when asked about the demand from the auto industry on FAME III scheme.
Asked if FAME III will be announced in the budget, he replied in the negative.
Earlier this year, the heavy industries ministry had announced that subsidies under the second phase of FAME scheme would be eligible for e-vehicles sold till Mar
