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
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
[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