The Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II scheme and will ban them from participating in the updated programme. The government is also holding back funds after anonymous emails accused several firms of claiming incentives without adhering to local production requirements. Revolt Intellicorp and Amo Mobility, owned by Rattan Enterprises, have agreed to refund incorrectly claimed amounts.
The Centre will take legal action against electric vehicle (EV) makers that dont refund incentives said to have been wrongfully claimed under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme, a government official said.
The Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II scheme and will ban them from participating in the updated programme. The government is also holding back funds after anonymous emails accused several firms of claiming incentives without adhering to local production requirements. Revolt Intellicorp and Amo Mobility, owned by Rattan Enterprises, have agreed to refund incorrectly claimed amounts.
The government sent recovery notices totalling Rs 469 crore earlier this fiscal year to seven companies — Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Lohia Auto and Amo Mobility — for allegedly violating local sourcing norms.
FAME II Violations: Companies may be debarred from availing subsidy under FAME-II and also return the subsidy availed on the sale of vehicles in the last 15 months