Auto Cabinet likely to give approval to Rs 9,381 crore FAME India second phase Updated : May 14, 2018 09:32 AM IST The total requirement of the fund is Rs 9,381 crore spanning five years from 2018-19 to 2022-23. The second phase of the scheme will be restricted to new energy vehicles used for public transport, commercial purposes and high-speed two-wheelers. About 136 startups related to electric vehicles exist in India. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.