Government of India demands E-scooter makers to refund Rs 500 crore aid for using Chinese parts firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
News News: The government of India is demanding that six electric two-wheeler manufacturers, including return Rs 500 crore ($60 million) worth of subsidies for v
Electric Scooter: Indeed, the government is demanding that six — including Hero Electric Vehicles Pvt, once India’s top e-scooter maker — return 5 billion rupees ($60 million) of subsidies for violating localization rules.
India Demands E-Scooter Makers Return $60 Million Aid For Using China Parts bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Several electric scooter startups in India are facing challenges and losing investor interest due to their reliance on Chinese parts instead of local sourcing. The government has demanded that six companies return subsidies worth USD 60 million for violating localization rules. Last year, a series of e-scooter fires prompted an investigation into whether companies were meeting localization norms.