The move marks the formal rollout of the government’s ambitious scheme to boost domestic production of critical rare earth magnets, a key component in electric vehicles, wind energy systems, and advanced electronics.
The Ministry of Heavy Industries has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the ‘Viksit Bharat @2047’ vision.
Union Minister for Heavy Industries Mahendra Nath Pandey on Friday said the government will take action against the companies that have taken subsidies violating the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME)-II norms.
The Ministry of Heavy Industries has sanctioned 2877 charging stations in 68 cities across 25 states/UTs under Phase-II of the FAME India Scheme.
Sharma stated that SJVN has a portfolio of 41 projects of 16,422 MW capacity and has already won 1,670 MW solar power capacity through a Competitive Bidding Process.
The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster adoption of electric vehicles
The scheme has a financial outlay of Rs 1,207 crore with Budgetary support of Rs 975 crore and Industry Contribution of Rs 232 crore . The scheme was notified on 25 January.
The sanction was made by the Ministry of Heavy Industries under FAME India (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme phase II. In addition to this, the Ministry has also sanctioned Rs 500 crore for about 2,877 Electric Vehicles (EVs) Charging Stations amounting to 68 cities across 25 States/UTs.
