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electric two wheeler companies

Action will be taken against electric two-wheeler companies not following ‘FAME-2’, government is exploring legal options

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Action will be taken against electric two-wheeler companies not following 'FAME-2', government is exploring legal options

New Delhi : The government is planning to take legal action against two-wheeler manufacturing companies in India that do not follow FAME-2 rules. It is reported that the government is exploring the option of taking legal action against such electronic two-wheeler companies which are not following the rules of ‘Fame-2’ scheme. Along with this, in … Read more

Government stopped subsidy, loss of more than 9000 crores to seven electric two wheeler companies

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Government stopped subsidy, loss of more than 9000 crores to seven electric two wheeler companies

Seven electric two-wheeler companies have collectively incurred losses of over Rs 9,000 crore due to non-payment of dues and loss of market share after the subsidy was discontinued. The Society of Manufacturers of Electric Vehicles (SMEV) gave this information on Wednesday. The government has directed these companies to return the subsidy given to them audit … Read more