The Inter-Ministerial Steering Committee of the National Mission for Transformative Mobility led by Niti Aayog chief executive officer Amitabh Kant has decided to incorporate localisation conditions to avail benefits under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme.

• The committee has mandated that only companies that meet the 50% localisation threshold will be eligible for the incentives that will be available under the scheme.
• The decision has been taken to ensure that the tax payer’s money is not used to subsidise imports and encourage local manufacturing.
• The scheme aims to boost electric mobility as well as the ‘Make in India’ initiative.

The scheme with total outlay of Rs 10000 Crores over the period of three years will be implemented with effect from 1st April 2019. This scheme is the expanded version of the present scheme titled 'FAME India1 which was launched on 1st April 2015, with total outlay of Rs. 895 crores.