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Core Purpose

Notification amending FAME India Phase II guidelines to redefine 'cost of vehicle' for electric three-wheelers and four-wheelers as the ex-factory price before applicable taxes.

Detailed Summary

Notification S.O. 584(E), issued by the Ministry of Heavy Industries on 9 February 2024, partially modifies the Ministry's notification dated 28 March 2019 concerning the Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) guidelines: for electric three-wheelers (e-3W) and four-wheelers (e-4W), the 'cost of vehicle' referred to in clause 26 of the notification dated 8 March 2019 shall now mean the 'ex-factory price' of the vehicle, i.e., the price at the factory gate before applicable taxes; the earlier notification issued vide reference F. No. 6(02)2019-NAB-II(Auto) (19155) dated 19 May 2023 with regard to electric two-wheelers (e-2W) remains in force. It is signed by Dr. Hanif Qureshi, Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-09022024-251960 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 554] NEW DELHI, FRIDAY, FEBRUARY 9, 2024/MAGHA 20, 1945 MINISTRY OF HEAVY INDUSTRIES NOTIFICATION New Delhi, the 9th February, 2024 S.O. 584(E). In partial modification of the Ministry of Heavy Industries notification dated 28th March, 2019 in respect of Scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) guidelines, the following amendment is made: - 1. In case of e-3W and e-4W, the cost of vehicle, referred to in clause 26 of the notification dated 8th March, 2019 shall mean "ex-factory price" of vehicle i.e. “price of vehicle at factory gate before applicable taxes". 2. Further, notification issued vide reference no. F. No. 6(02)2019-NAB-II(Auto) (19155)] dated 19/05/2023 with regard to e-2w shall remain in force." [F. No. 6(02)2019-NAB-II(Auto) (19155)] Dr. HANIF QURESHI, Addl. Secy.

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