Fame Subsidy Scam: The Government of India can take the help of investigating agencies like CBI or ED to investigate the misuse of government subsidies by electric vehicle companies. An Economics Times report claims that companies like Hero Electric, Okinawa and Bentling have claimed the most wrong subsidies. It has been told that the highest … Read more
Hero Flash Electric Scooter: Hero Electric, a subsidiary of India’s leading two-wheeler manufacturer Hero MotoCorp, has launched the cheapest electric scooter in India. The company has named it Hero Flash. The company launched this electric scooter in the market about three years ago in January 2020. Since that time, it has been included in the … Read more
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
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
New Delhi : The Modi government at the Center has directed seven electric two wheeler companies, including Hero Electric and Okinawa, to return Rs 469 crore for claiming incentives despite non-compliance of rules under the Fame-II scheme. A government official said on Monday that in case of non-payment of this amount, all these companies will … Read more
[ad_1] FAME-II Scheme: The government will issue notices to companies found involved in violation of localization norms under the FAME-2 scheme brought to promote the manufacturing and adoption of electric vehicles. A senior official said that this action is being taken to ban the companies found guilty and to recover the incentive amount taken from … Read more