• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

EV Registration Up Over 43 Pc In FY24, Rs 17,896 Crore Invested: Centre

OMMCOM NEWS by OMMCOM NEWS
August 2, 2024
in Business

New Delhi: The number of electric vehicles (EVs) registered in FY24 increased significantly by 42.06 per cent as compared to FY23, the Parliament was told on Friday.

In FY24, 16,81,127 EVs were registered on the e-Vahan portal, against 11,83,341 such vehicles in FY23, Minister of State for Heavy Industries and Steel, Bhupathi Raju Srinivasa Varma, told the Rajya Sabha.

According to the Ministry of Road Transport & Highways (MoRTH), a total of 45,74,938 electric vehicles have been registered on the e-Vahan portal (till July 29).

The government approved the production-linked incentive (PLI) scheme for the automobile and auto components industry in India (PLI-Auto) in 2021 with a budgetary outlay of Rs 25,938 crore. “As reported by the approved applicants under the scheme, investment up to 31st March, 2024, is Rs 17,896 crore and incremental sales up is Rs 3,370 crore,” the minister said.

The government also informed that for the PLI-Auto scheme, FY25 is the first incentive disbursement year.

There are 10 approved applicants with 12 manufacturing locations in Gujarat under the PLI-Auto scheme. The Ministry had launched the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote the adoption of electric/hybrid vehicles (xEVs) in India. Under Phase II of the FAME India Scheme, claims of 16,71,606 electric vehicles for Rs 6,825 crore have been submitted for reimbursement of subsidy by the OEMs (EV manufacturers).

The Centre said that 6,862 electric buses were sanctioned for intra-city operations under the FAME-II scheme. Out of 6,862 e-buses, 4,853 e-buses have been supplied till July 31. To further accelerate the adoption of electric vehicles, the government is planning to launch FAME 3.0.

(IANS)

Tags: Bhupathi Raju Srinivasa Varmaelectric vehicles (EVs)
ShareTweetSendSharePinShareSend
Previous Post

Paris Olympics: Bhakat/Bommadevara Lose To USA In Archery Mixed Team Bronze Match

Next Post

Ayushman Bharat Scheme Fraud: ED Raids Hospitals Across Four States And UTs

Related Posts

Business

Oil Purchases Serve Both National And Global Interests By Stabilising Prices: EAM Jaishankar

August 23, 2025
Business

56th GST Council Meet To Decide On 2-Slab Structure In Early Sep

August 23, 2025
Piyush Goyal
Business

Govt Giving Priority To National Interest In FTA Talks: Piyush Goyal

August 22, 2025
MeitY Secretary
Business

SEMICON India 2025 To Be South Asia’s Largest Platform For Semiconductor, Electronics Innovation: MeitY Secretary

August 22, 2025
Income Tax Bill 2025
Business

Govt Notifies Income-Tax Act 2025, Law To Come Into Effect From April 1, 2026

August 22, 2025
Reserve Bank of India
Business

RBI Appoints Indranil Bhattacharyya As Ex-Officio Member Of MPC

August 22, 2025
Next Post
Enforcement director

Ayushman Bharat Scheme Fraud: ED Raids Hospitals Across Four States And UTs

Yogesh Bahadur Khurania

IPS Officer YB Khurania Repatriated To Odisha

Vigilance Unearths Assets Worth Crores Of Irrigation Dept Engineer

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.