Indian Government Withdraws FAME Subsidies For Mild Hybrids | Read

PUBLISHED ON: April 3, 2017 | Duration: 3 min, 17 sec

  
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The Central Government has effectively withdrawn the subsidies that have been provided to mild hybrid diesel cars under the FAME scheme. The FAME or 'Faster Adoption and Manufacturing of Hybrid and Electric Vehicles' was introduced in 2015 and offered discounts of up to Rs 29,000 for two wheelers and up to Rs 1.38 lakh for four wheelers. The change in policy will affect the prices of two Maruti Suzuki vehicles in India, the Ertiga and the Ciaz. Incidentally, the Ciaz was just recently moved to the Nexa chain of premium dealerships.
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