FAME 2 Subsidy , Vehicle List, Last Date & Eligibility Explained

Q: Fame 2 subsidy Odisha

Electric Two-Wheelers (e-2W): ₹15,000 per kWh, capped at 15% of the ex-factory price. Electric Three-Wheelers (e-3W) & Four-Wheelers (e-4W): ₹10,000 per kWh, capped at 20% of the ex-factory price.

FAME 2 Subsidy : In recent years, electric vehicles (EVs) have been popping up more frequently on Indian roads. Whether it’s a sleek two-wheeler quietly cruising through city lanes or an e-rickshaw buzzing past traffic, the shift is hard to miss. One of the biggest reasons behind this growth is the FAME 2 subsidy a government initiative aimed at making electric mobility more affordable.

But what exactly is the FAME 2 subsidy? Who is eligible for it? What kind of vehicles are covered? And most importantly, how can someone benefit from it?

What Is FAME 2 Subsidy?

The full form of FAME is Faster Adoption and Manufacturing of Hybrid and Electric Vehicles. The first phase of the scheme started in 2015, but FAME 2, which is the second phase, kicked off in April 2019.

The purpose? To encourage more Indians to switch from petrol and diesel vehicles to electric alternatives by providing financial support.

This means when someone buys an electric scooter, three-wheeler, or electric bus that’s eligible, the government covers a part of the cost—making the vehicle cheaper right from the showroom.

FAME 2 Subsidy Eligibility

Not all EVs qualify for this subsidy. To ensure quality and long-term impact, the government has set certain criteria,

Approval: It must be listed in the FAME 2 subsidy vehicle list released by the Department of Heavy Industries.
Battery type: Only vehicles with advanced batteries like lithium-ion are eligible.
Speed and range: Two-wheelers must have a minimum top speed of 40 km/h and a range of 80 km or more per charge.
Localization: The vehicle should be manufactured or assembled in India.

What Types of Vehicles Are Covered in FAME 2?

FAME 2 provides incentives for several categories of EVs:

1. Electric Two-Wheelers (E-scooters and Bikes)

This is the most popular category among city riders. From office goers to students, many have switched to electric scooters thanks to reduced costs under FAME 2.

Some common models include:

Ola S1 Air
Ather 450X
TVS iQube
Hero Vida V1

Subsidy amount: ₹15,000 per kWh of battery capacity
Cap per vehicle: Up to 40% of the total price

2. Electric Three-Wheelers

These include both passenger and cargo versions. They’re ideal for delivery services, auto drivers, and urban mobility.

Subsidy: ₹10,000 per kWh
Popular models: Mahindra Treo, Piaggio Ape E-Xtra

3. Electric Four-Wheelers

While private four-wheelers are largely excluded now, commercial EVs like electric taxis and fleet vehicles can still benefit.

Used by: Taxi operators, corporate transport services
Subsidy: ₹10,000 per kWh

4. Electric Buses

For public transport authorities, electric buses are being promoted heavily under this scheme. These help reduce pollution in densely populated cities.

FAME 2 Subsidy Vehicle List

Electric Two-Wheelers (e-2W)

Manufacturer	Model	Battery Capacity	Estimated Subsidy
TVS Motor Company	iQube	3.04 kWh	₹45,600
Ather Energy	450X	3.7 kWh	₹55,500
Ola Electric	S1 Pro	4 kWh	₹60,000
Hero Electric	Photon HX	1.87 kWh	₹28,050
Bajaj Auto	Chetak	3 kWh	₹45,000

Electric Three-Wheelers (e-3W)

Manufacturer	Model	Battery Capacity	Estimated Subsidy
Mahindra Electric	Treo Yaari	3.69 kWh	₹36,900
Piaggio Vehicles	Ape E-City	7.5 kWh	₹75,000
Altigreen Propulsion Labs	NEEV HD	9 kWh	₹90,000
Kinetic Green	Safar Jumbo	6 kWh	₹60,000
Omega Seiki Mobility	Rage+	7.5 kWh	₹75,000

Electric Four Wheelers (e-4W)

Manufacturer	Model	Battery Capacity	Estimated Subsidy
Tata Motors	Nexon EV Prime	30.2 kWh	₹1,50,000
Mahindra	eVerito	21.2 kWh	₹1,50,000
MG Motor	ZS EV	44.5 kWh	₹1,50,000
Hyundai	Kona Electric	39.2 kWh	₹1,50,000
BYD	e6	71.7 kWh	₹1,50,000

FAME 2 Subsidy Last Date

Current last date for FAME 2 subsidy: 31st March 2025

How Is the Subsidy Applied?

The FAME 2 subsidy is applied directly by the manufacturer. It is reflected in the final price you pay at the dealership. No separate application, paperwork, or online form is needed from your side.

Just make sure:

The model is listed on the official website.
You’re buying from an authorized showroom.

FAME 2 Budget Allocation

A budget of ₹10,000 crore was assigned to the FAME 2 scheme.

Category	Budget Allocation
Two-Wheelers	₹2,000 crore
Three-Wheelers	₹1,000 crore
Four-Wheelers (Fleet)	₹1,500 crore
Buses	₹5,000 crore
Charging Infra	₹1,000 crore

Related :

FAQs

Fame 2 subsidy last date

31 March 2025

Fame 2 subsidy Odisha

Electric Two-Wheelers (e-2W): ₹15,000 per kWh, capped at 15% of the ex-factory price.
Electric Three-Wheelers (e-3W) & Four-Wheelers (e-4W): ₹10,000 per kWh, capped at 20% of the ex-factory price.