Toyota Camry hybrid to benefit from FAME-India scheme

    Government’s sops for hybrids and EVs has allowed a benefit of Rs 70,000 towards the Camry.

    Published On Apr 30, 2015 11:49:00 AM

    7,437 Views

    The FAME-India scheme (Faster Adoption and Manufacturing of Electric vehicles in India), recently introduced by the Indian government, already seems to be helping hybrid and electric cars. With Mahindra being the first to take advantage of the scheme and slashing the prices of its EV — the e2o, it is now learnt that Toyota will be the first carmaker to benefit from sops directed towards hybrids.
    The Japanese carmaker will be launching the new Camry hybrid today. Although prices are still awaited, Toyota has received relief of around Rs 70,000 on the price of the Camry. For buyers, this is great news, as the manufacturer has directed all of the benefits to prospective owners.
    Under Phase I of the FAME scheme, the government has sanctioned Rs 795 crore spanning the fiscal years 2015-16 and 2016-17. Major incentives are as follows:
    - Rs 13,000 to Rs 1,24,000 for sub-4-metre four-wheelers
    - Rs 11,000 to Rs 1,38,000 for four-wheelers above 4-metres long
    It may not seem like a great difference at the moment but the FAME-India scheme will offer the
    backing required to give the industry, which is still in its nascent stage in India, the much-needed 
    push.
     

    Copyright (c) Autocar India. All rights reserved.

    Comments

    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Car Price

    Poll of the month

    The Creta will be the third Hyundai N-Line model in India. Should more mass-market brands have sporty sub-brands?

    Yes, it's something special for enthusiasts

     

    18.34%

    Yes, but only if there is increased performance

     

    44.41%

    No, it's just a gimmick to increase the price

     

    29.39%

    It doesn't always work; just look at Tata JTP

     

    7.86%

    Total Votes : 1565
    Sign up for our newsletter

    Get all the latest updates from the automobile universe