Tag: local sourcing

An inter-ministerial steering committee led by Niti Aayog chief executive officer has decided that only companies that meet the 50% localisation threshold will be eligible for the incentives that will be available under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme. FAME is part of the government’s two-pronged strategy to place… Continue reading 50% local sourcing likely for companies to book EV ride under FAME-II