Has FAME1 been an utter failure?

Not exactly. No doubt that FAME 1 has achieved less than 5% of the targets on the EV volumes and ECO system creation. Perhaps the FAME 1 targets were too ambitious. There is a strong resistance and inertia of almost all the automobile manufacturers in India to convert to electric and they did not bite the bullet. One of the car manufacturer did sell a substantial number of mild Hybrids (that was a part of the FAME1 scheme) till the mild Hybrids were withdrawn from FAME1 scheme because it was taking away a lions share of subsidy but had negligible impact it was having on the end goals