Under FAME-India Scheme (EV Subsidy in India), incentives are provided to buyers of electric vehicles subsidy in the form of an upfront reduction in the purchase price of electric vehicles. The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20% of the cost of vehicle. Further, the incentive/ subsidies for e-2W has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of vehicle w.e.f. 11th June, 2021.
As per the information received from Department of Revenue, at present the GST rate on electric vehicles is 5% . The GST rates are prescribed based on the recommendations of the GST Council. Electric vehicles are already at the lowest rate slab of 5%. Further, following steps have been taken by the Government for adoption of electric vehicles in the country:
List of Electric Vehicles under FAME 2 EV Subsidy in India
1. OEM Name: Altigreen Propulsion Labs Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 NEEV Three Wheeler ( e-3W ) L5N 75000 View 2 NEEV HD Three Wheeler ( e-3W ) L5N 90000 View 3 NEEV LR Three Wheeler ( e-3W ) L5N 85000 View 4 NEEV HDx Three Wheeler ( e-3W ) L5N 92000 View
2. OEM Name: Ampere Vehicles Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 ZEAL Two Wheeler ( e-2W ) L1 18000 View 2 Magnus Two Wheeler ( e-2W ) L1 18000 View 3 Zeal VX1 Two Wheeler ( e-2W ) L1 19600 View 4 ZEAL-CA Two Wheeler ( e-2W ) L1 18000 View 5 ZEAL EX Two Wheeler ( e-2W ) L1 34500 View 6 MAGNUS EX Two Wheeler ( e-2W ) L1 34500 View 7 ZEAL CA EX Two Wheeler ( e-2W ) L1 34500 View
3. OEM Name: Ather Energy Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 ATHER 450 Two Wheeler ( e-2W ) L2 27000 View 2 **Ather450 Two Wheeler ( e-2W ) L2 26732 View 3 Ather 450 X Two Wheeler ( e-2W ) L2 29000 View
4. OEM Name: Atul Auto Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Atul Elite+ Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 Atul Elite+ Cargo Three Wheeler ( e-3W ) e-cart 37000 View
5. OEM Name: Avon Cycles Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 GREENWAY HP DX Three Wheeler ( e-3W ) e-rickshaw 41231 View 2 E-RICK 306 LI Three Wheeler ( e-3W ) e-rickshaw 41231 View
6. OEM Name: Bajaj Auto Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 CHETAK 2403 Premium Two Wheeler ( e-2W ) L2 45000 View 2 CHETAK 2403 Urbane Two Wheeler ( e-2W ) L2 45000 View 3 Chetak 2413 Premium Two Wheeler ( e-2W ) L2 43500 View
7. OEM Name: Balan Engineering Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 SWACHH RATH Three Wheeler ( e-3W ) e-cart 47000 View 2 B5 Three Wheeler ( e-3W ) e-rickshaw 47000 View 3 VISHWAS Three Wheeler ( e-3W ) e-cart 47000 View
8. OEM Name: Benling India Energy And Technology Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Aura Two Wheeler ( e-2W ) L1 23300 View
9. OEM Name: Best Way Agencies Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 ele ex Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 ele ex cargo Three Wheeler ( e-3W ) e-cart 37000 View
10. OEM Name: Booma Innovative Transport Solutions Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 ANAV1200 Two Wheeler ( e-2W ) L1 30000 View
List of Electric Vehicles under FAME 2 EV Subsidy in India
11. OEM Name: Champion Polyplast S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 SAARTHI SHAVAK E AUTO Three Wheeler ( e-3W ) L5M 66000 View 2 SAARTHI SHAVAK DLX E – AUTO Three Wheeler ( e-3W ) L5M 66000 View 3 SAARTHI F2 Three Wheeler ( e-3W ) e-rickshaw 37680 View
12. OEM Name: Continental Engines Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Baxy Cargo Super King-EV Three Wheeler ( e-3W ) L5N 75000 View
13. OEM Name: Dilli Electric Auto Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 CITYLIFE LI-PRIMA Three Wheeler ( e-3W ) e-rickshaw 35000 View 2 CITYLIFE LI MAX Three Wheeler ( e-3W ) e-cart 36000 View
14. OEM Name: Energy Electric Vehicles S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Premium Udaan Three Wheeler ( e-3W ) e-rickshaw 37000 View
15. OEM Name: Etrio Automobiles Private Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Touro Max Loader Three Wheeler ( e-3W ) L5N 73500 View 2 Touro Mini loader Three Wheeler ( e-3W ) e-cart 38300 View 3 Touro Mini Passenger Three Wheeler ( e-3W ) e-rickshaw 38300 View
16. OEM Name: Euler Motors Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 HiLoad DV Three Wheeler ( e-3W ) L5N 96000 View 2 HiLoad PV Three Wheeler ( e-3W ) L5N 94000 View
17. OEM Name: Goenka Electric Motor Vehicles Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 **Prince Pro Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 Prince Pro X Three Wheeler ( e-3W ) e-rickshaw 33025 View 3 Samrat Pro X Three Wheeler ( e-3W ) e-cart 32865 View
18. OEM Name: Grd Motors S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 DAVRATH EXPRESS Three Wheeler ( e-3W ) e-rickshaw 35000 View
19. OEM Name: Hero Electric Vehicles Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Photon LP Two Wheeler ( e-2W ) L1 18700 View 2 NYX HS 500 ER Two Wheeler ( e-2W ) L1 46050 View 3 OPTIMA HS 500 ER Two Wheeler ( e-2W ) L1 46050 View 4 **OPTIMA PRO Two Wheeler ( e-2W ) L1 30300 View 5 NYX Pro Two Wheeler ( e-2W ) L1 18747 View 6 OPTIMA e5 Two Wheeler ( e-2W ) L1 23100 View 7 NYX HX Two Wheeler ( e-2W ) L1 29660 View 8 NYX e5 Two Wheeler ( e-2W ) L1 23100 View 9 N61a Two Wheeler ( e-2W ) L1 21700 View 10 NYX N23a Two Wheeler ( e-2W ) L1 19000 View 11 OPTIMA PRO 2.02 kwh Two Wheeler ( e-2W ) L1 30300 View
20. OEM Name: J.s. Auto Pvt Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 JSA E-RICKSHAW LI Three Wheeler ( e-3W ) e-rickshaw 33600 View
21. OEM Name: Jitendra New Ev Tech Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 JMT1000HS Two Wheeler ( e-2W ) L1 19754 View 2 JMT 1000 HS CARGO Two Wheeler ( e-2W ) L1 19720 View 3 JMT 1000 48V Two Wheeler ( e-2W ) L1 22000 View 4 DREAM 1.2PV Three Wheeler ( e-3W ) e-rickshaw 38746 View 5 DREAM 1.2CV Three Wheeler ( e-3W ) e-cart 38746 View 6 DREAM 1.2DV Three Wheeler ( e-3W ) e-cart 40164 View 7 JMT 1000 HS PLUS Two Wheeler ( e-2W ) L1 60000 View 8 JMT 1000 3K Two Wheeler ( e-2W ) L1 48000 View
22. OEM Name: Kabira Mobility Llp S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Intercity 300 Two Wheeler ( e-2W ) L1 42300 View 2 Intercity 350 Two Wheeler ( e-2W ) L1 42300 View 3 Hermes 75 Two Wheeler ( e-2W ) L1 42300 View
23. OEM Name: Keto Motors Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 BULKe plus 2.0 Three Wheeler ( e-3W ) L5N 99540 View 2 BULKe Three Wheeler ( e-3W ) L5N 96000 View 3 BULKe Plus 2.1 Three Wheeler ( e-3W ) L5N 91637 View 4 BULKe 1.0 Three Wheeler ( e-3W ) L5N 89642 View 5 TriLux Three Wheeler ( e-3W ) L5M 79821 View
24. OEM Name: Khalsa Agencies S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Khalsa Grand Three Wheeler ( e-3W ) e-rickshaw 37000 View
25. OEM Name: Kinetic Green Energy & Power Solutions Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 **Kinetic SAFAR SMART LFP Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 SAFAR SHAKTI LFP Three Wheeler ( e-3W ) e-cart 41000 View 3 KINETIC SAFAR SMART Three Wheeler ( e-3W ) e-rickshaw 41000 View 4 **KINETIC SAFAR STAR – 400 Three Wheeler ( e-3W ) L5N 42000 View 5 KINETIC SAFAR JUMBO – PICKUP Three Wheeler ( e-3W ) L5N 82000 View 6 KINETIC SAFAR SMART-NEXT Three Wheeler ( e-3W ) e-rickshaw 54000 View
26. OEM Name: Lectrix Ev Pvt. ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 ecity zipD40 Two Wheeler ( e-2W ) L1 30000 View 2 ecity zipC40 Two Wheeler ( e-2W ) L1 30000 View
27. OEM Name: Li-ions Elektrik Solutions Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 **SPOCK Two Wheeler ( e-2W ) L1 27465 View
28. OEM Name: Lohia Auto Industries S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 NARAIN i Three Wheeler ( e-3W ) e-rickshaw 37695 View 2 NARAIN iCE Three Wheeler ( e-3W ) e-rickshaw 38000 View 3 Humsafar iB Three Wheeler ( e-3W ) L5N 76000 View
29. OEM Name: Mahindra & Mahindra Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 **e-Verito C2 Four Wheeler ( e-4W ) M1 159000 View 2 **e-Verito C4 Four Wheeler ( e-4W ) M1 159000 Vi ew 3 **e-Verito C6 Four Wheeler ( e-4W ) M1 159000 View 4 **e-Verito D2 Four Wheeler ( e-4W ) M1 212000 View 5 **e-Verito D4 Four Wheeler ( e-4W ) M1 212000 View 6 **e-Verito D6 Four Wheeler ( e-4W ) M1 212000 View 7 **Mahindra e-Supro Cargo Van Four Wheeler ( e-4W ) N1 161000 View 8 **Mahindra e-Supro Cargo Van VX Four Wheeler ( e-4W ) N1 161000 View
30. OEM Name: Mahindra Electric Mobility Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Treo Yaari HRT Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 Treo HRT Three Wheeler ( e-3W ) L5M 68923 View 3 Treo SFT Three Wheeler ( e-3W ) L5M 66523 View 4 Treo Yaari SFT Three Wheeler ( e-3W ) e-rickshaw 37000 View 5 Treo Zor Three Wheeler ( e-3W ) L5N 74000 View 6 Treo Zor FB Three Wheeler ( e-3W ) L5N 74000 View 7 Treo Zor DV Three Wheeler ( e-3W ) L5N 74000 View
31. OEM Name: Microcon I2i Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Anav12 Two Wheeler ( e-2W ) L1 30000 View
32. OEM Name: Mlr Auto Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 TEJA HANDY CARGO NORMAL DECK EV Three Wheeler ( e-3W ) L5N 75000 View
33. OEM Name: Okaya EV Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 FAAST F4 Two Wheeler ( e-2W ) L1 66000 View
34. OEM Name: Okinawa Autotech Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 RIDGE+ Two Wheeler ( e-2W ) L1 17000 View 2 **iPRAISE Two Wheeler ( e-2W ) L1 26000 View 3 Praise Pro Two Wheeler ( e-2W ) L1 19000 View 4 iPRAISE+ Two Wheeler ( e-2W ) L1 30000 View
35. OEM Name: Ola Electric Technologies Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Ola S1 (E2W-AC-04) Two Wheeler ( e-2W ) L2 44700 View 2 Ola S1 Pro (E2W-AB-04) Two Wheeler ( e-2W ) L2 59550 View
36. OEM Name: Om Balajee Automobile India Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 e VIKAS Three Wheeler ( e-3W ) L5M 81800 View 2 e VIKAS FERRI Three Wheeler ( e-3W ) L5N 81800 View
37. OEM Name: Omega Seiki Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 RAGE+ Three Wheeler ( e-3W ) L5N 75000 View
38. OEM Name: Piaggio Vehicles Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Ape’ E-City Three Wheeler ( e-3W ) L5M 42000 View 2 Ape’ E-City FX Three Wheeler ( e-3W ) L5M 69000 View 3 Ape E- Xtra FX PU Three Wheeler ( e-3W ) L5N 78000 View 4 Ape E-Xtra FX With Platform Three Wheeler ( e-3W ) L5N 77503 View 5 Ape E-Xtra LX With Platform Three Wheeler ( e-3W ) L5N 46500 View 6 Ape E- Xtra LX PU Three Wheeler ( e-3W ) L5N 47000 View 7 Ape E-Xtra LX DAC Three Wheeler ( e-3W ) L5N 47000 View 8 Ape E-Xtra FX DAC Three Wheeler ( e-3W ) L5N 76803 View 9 Ape’ E-Xtra EX With Platform Three Wheeler ( e-3W ) L5N 76000 View
39. OEM Name: Revolt Intellicorp Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 **RV300 Two Wheeler ( e-2W ) L1 27000 View 2 RV400 Two Wheeler ( e-2W ) L1 30000 View
40. OEM Name: Saera Electric Auto Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Mayuri Star Three Wheeler ( e-3W ) e-rickshaw 35800 View 2 MAYURI DV Three Wheeler ( e-3W ) e-cart 37400 View
41. OEM Name: Scooters India Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 VIKRAM Vidyut Passenger Carrier(6P+1D) Three Wheeler ( e-3W ) L5M 108000 View
42. OEM Name: ShiganEvoltz Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category Subsidy Amount (In INR) Details 1 Bull Cart Super Three Wheeler ( e-3W ) L5N 96000 View 2 Green Cart Super Three Wheeler ( e-3W ) e-cart 51000 View 3 Green Rick Super Three Wheeler ( e-3W ) e-rickshaw 51000 View
43. OEM Name: Sks Trade India Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 ARZOO LI Three Wheeler ( e-3W ) e-rickshaw 39000 View 2 ARZOO EC-LI Three Wheeler ( e-3W ) e-cart 39000 View
44. OEM Name: Speego Vehicles Co. Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 **SPEEGO DLX Li Three Wheeler ( e-3W ) e-rickshaw 35000 View
45. OEM Name: Tata Motors Passenger Vehicles Limited (formerly known as Tata Motors Limited) S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 **TATA TIGOR EV – XE Four Wheeler ( e-4W ) M1 162000 View 2 **TATA TIGOR EV – XM Four Wheeler ( e-4W ) M1 162000 View 3 **TATA TIGOR EV – XT Four Wheeler ( e-4W ) M1 162000 View 4 TATA TIGOR EV – XE+ Four Wheeler ( e-4W ) M1 215000 View 5 TATA TIGOR EV – XM+ Four Wheeler ( e-4W ) M1 215000 View 6 TATA TIGOR EV – XT+ Four Wheeler ( e-4W ) M1 215000 View 7 TATA NEXON EV XM Four Wheeler ( e-4W ) M1 279800 View 8 TATA NEXON EV XZ+ Four Wheeler ( e-4W ) M1 299800 View 9 TATA XPRES-T EV XE+ Four Wheeler ( e-4W ) M1 215000 View 10 TATA XPRES-T EV XM+ Four Wheeler ( e-4W ) M1 215000 View 11 TATA XPRES-T EV XT+ Four Wheeler ( e-4W ) M1 215000 View 12 TATA NEXON EV XZ+ DK Four Wheeler ( e-4W ) M1 302000 View 13 Tata Tigor EV XZ+ Four Wheeler ( e-4W ) M1 259800 View 14 Tata Tigor EV XE (26 kWh) Four Wheeler ( e-4W ) M1 239800 View 15 Tata Tigor EV XM (26 kWh) Four Wheeler ( e-4W ) M1 249800 View
46. OEM Name: Thukral Electric Bikes Pvt Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 THUKRAL Erl Li Three Wheeler ( e-3W ) e-rickshaw 32200 View 2 THUKRAL TM DLX Li Three Wheeler ( e-3W ) e-rickshaw 35000 View
47. OEM Name: Tunwal E-motors Pvt. Ltd. S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 T 133 Two Wheeler ( e-2W ) L1 24000 View 2 Storm ZX Plus Two Wheeler ( e-2W ) L1 24000 View 3 TEM G33 Two Wheeler ( e-2W ) L1 24000 View 4 RomaS Two Wheeler ( e-2W ) L1 24000 View 5 TZ 3.3 Two Wheeler ( e-2W ) L1 28800 View
48. OEM Name: Tvs Motor Company Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 TVS iQUBE ELECTRIC Two Wheeler ( e-2W ) L2 22500 View
49. OEM Name: U P Telelinks Ltd S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 power Li-ion Three Wheeler ( e-3W ) e-rickshaw 37000 View 2 Power Li-Ion DV Three Wheeler ( e-3W ) e-cart 38200 View 3 Power Li-Ion FB Three Wheeler ( e-3W ) e-cart 36600 View 4 Power Li-Ion CV Three Wheeler ( e-3W ) e-cart 37000 View
49. OEM Name: Victory Electric Vehicles International Private Limited S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 VICTORY VIKRANT Three Wheeler ( e-3W ) e-rickshaw 41600 View 2 VICTORY + Three Wheeler ( e-3W ) e-rickshaw 38976 View 3 VICTORY BHIM + Three Wheeler ( e-3W ) e-cart 38976 View 4 VICTORY BHIM CLEANER + Three Wheeler ( e-3W ) e-cart 42976 View
51. OEM Name: Y C Electric Vehicle S.No. xEV Model Name Vehicle Type & Segment Vehicle CMVR Category EV Subsidy in India Details 1 YATRI SUPER Three Wheeler ( e-3W ) e-rickshaw 34000 View 2 YATRI CART Three Wheeler ( e-3W ) e-cart 37000 View
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