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Fame 2 Incentivizes E-Vehicles of Leading Indian Automobile Companies

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Fame 2 Incentives for Indian EVs

FAME 2 or the Faster Adoption and Manufacturing of Electric Vehicles in India, got the cabinet approval in February this year. The policy aims at promoting electric and hybrid vehicles in the country. The government is looking at encouraging the Indians to adopt electric vehicles to reduce overall levels of air pollution in India.


The government has also increased its total capital outlay to INR 10,000 crores from INR 895 crores allocated under the first phase. This budget will be spent over a period of three years from 2019-20 to 2021-22 and will be used to incentivize the buyers. These incentives will be applicable to vehicles used for public transport or registered for commercial purposes in the three- and four-wheeler segment. Private vehicles in the two-wheeler segment will also be incentivized. The government is planning to support 10 lakhs electric two-wheelers, 5 lakhs three-wheelers, 55,000 four-wheelers, and 7,000 electric buses in India through this initiative.

Here is a list of incentives to be provided to e-vehicles of leading EV automobile brands in India

Mahindra & Mahindra
S.No. Model Name Vehicle Type Incentive Amount
1 E-VERITO Four Wheeler 138000
2 Mahindra e-Supro Cargo Van Four Wheeler 187000
3 Mahindra E-Supro Four Wheeler 124000
4 e-VERITO D2 Four Wheeler 138000
5 e-VERITO D4 Four Wheeler 138000
6 e-VERITO D6 Four Wheeler 138000
7 e-VERITO C2 Four Wheeler 138000
8 e-VERITO C4 Four Wheeler 138000
9 e-VERITO C6 Four Wheeler 138000
Maruti Suzuki Ltd.
1 Maruti Ciaz Diesel SHVS Std. Four Wheeler 13000
2 MARUTI ERTIGA LDI SHVS Four Wheeler 13000
TATA Motors Ltd.
1 TATA TIGOR EV Four Wheeler 124000
2 TATA TIGOR EV – XM Four Wheeler 124000
3 TATA TIGOR EV – XE Four Wheeler 124000
4 TATA TIGOR EV – XT Four Wheeler 124000
TVS Motor Co.
1 TVS KING ELECTRIC LIX Three Wheeler 61000
Hero EV Pvt. Ltd.
1 Maxi Two Wheeler 7500
2 Zion Two Wheeler 7500
3 Optima Plus Two Wheeler 7500
4 E Sprint Two Wheeler 9400
5 Photon Two Wheeler 9400
6 Cruz Two Wheeler 7500
7 Hero Wave Two Wheeler 7500
8 Hero Wave DX – Extra Mile Two Wheeler 7500
9 OPTIMA DX Two Wheeler 7500
10 NYX Two Wheeler 7500
11 OPTIMA DX LI Two Wheeler 17000
12 Maxi LI Two Wheeler 17000
13 NYX-LI Two Wheeler 17000
14 OPTIMA BX LI Two Wheeler 17000
15 Cruz LI Two Wheeler 17000
16 PHOTON LI Two Wheeler 22000
17 FLASH Two Wheeler 7500
18 FLASH LI Two Wheeler 17000
19 PHOTON 72 V. Two Wheeler 9400
20 OPTIMA PLUS LI Two Wheeler 17000
21 NYX E5 Two Wheeler 22000
22 FLASH e5 Two Wheeler 22000
23 OPTIMA HS 500 Two Wheeler 22000
24 Optima e5 Two Wheeler 22000

Source: FAME India

India is expecting greater penetration of EVs on the back of a successful Fame 2 and various other initiatives taken by the government. It is estimated that the penetration of EV vehicles could reach around 80% in the case of two-wheelers and 30% for private cars by 2030, and result in cumulative savings of 846 million tonnes of CO2 over the total deployed vehicle’s lifetime.


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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