How much is the FAME II subsidy for the 450?

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:

  1. Subsidy cannot be provided for vehicles with ex-showroom price of over 1.5 lakhs.
  2. 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.