Olectra Future Road Map and Financial Snapshot
Electrification Scenario in India
Olectra
E-buses remain a key focus area in India; subsidies offered to reduce capital
costs
Allocation under the flagship FAME* scheme for electrification in India
Significant capital outlay set aside to promote e-bus adoption under
FAME II
Higher subsidies (Rs. 35-55 lakh per bus) and subsidy cap (40% of vehicle cost) for electric buses vis-
à-vis other vehicle categories
1%
9%
24%
FAME 1.0
Rs. 895 crore
4%
62%
FAME 2.0
Rs. 10,000
crore
4%
10%
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86%
Technology Platform
Pilot Projects
Others
Demand Incentive
Charging Infrastructure
Other support policies announced to spur electrification
9
•
•
Key terms of FAME II policy for electric buses
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(0.
Smart Cities Mission
(launched in 2015)
Introduced by the Union
Ministry of Urban
Development to develop 100
cities as citizen-friendly and
sustainable.
Outlay of Rs. 105 crore for
purchase of electric vehicles
for mass transportation.
Production-linked Incentive
Scheme (launched in 2020)
⚫ The Government's PLI
Scheme has a planned outlay
of US$20 billion which
includes US$2.5 billion for
batteries.
Incentives via PLI will
encourage more players to
this will
participate and
expand the low emission
vehicle ecosystem
State EV Policies
Aim to increase EV adoption
and manufacturing in their
states; offer benefits like
road tax exemption,
registration fee exemption,
preferential electricity tariffs
for EV charging, subsidy etc.
for EVs.
7,090
Eligible Vehicles
Rs. 35-55 lakh
Incentive* offered
@Rs 20,000/KWH per bus
Rs. 35 billion
Total outlay
Source: ICRA Report
*Faster Adoption and Manufacturing of Hybrid and Electric VehiclesView entire presentation