For 450, Fame Subsidy is ₹26,732.
The subsidy on vehicles under FAME II Scheme depends on the size of the battery pack. (Rs. 10,000 per kWh)
However, there are some more rules that dictate the subsidy:
- Subsidy cannot be provided for vehicles with ex-showroom price of over 1.5 lakhs.
- Subsidy can be availed to a maximum cap of 20% of ex-showroom price.
Based on this, the subsidy is provided as the least of the three.
For 450 the subsidy is governed by the 20% clause.