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Year |
Budget allocation |
Scheme |
FY2019-20 |
RS 100 billion |
FAME II Scheme |
FY2020-21 |
RS 100 billion |
FAME II funding for EV subsidies and infrastructure. |
FY2021-22 |
RS 100 billion RS 181 billion |
Ongoing FAME II support PLI scheme in battery manufacturing |
FY2022-23 |
RS 259.38 billion RS 29.08 billion |
PLI for EV manufacturing FAME II Scheme |
FY2023-24 |
RS 197.44 billion RS 29.08 billion |
Green Hydrogen Mission Continued FAME II Support |
India's EV market has witnessed exponential growth, with EV sales surging from 160,000 in 2019 to 1.5 million in 2023.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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