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Govt seeks ₹469 crore from 7 EV makers for FAME scheme violation

Govt seeks ₹469 crore from 7 EV makers for FAME scheme violation
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Ayush lohiaMinistry of heavy industriesLohia auto industriesHero electricFaster adoptionElectric vehiclesHeavy industriesAuto industriesChief executive officerLohia auto

Electric Rickshaw (E-Rickshaw) Market in India Expected to Reach US$ 2 3 Billion by 2028 | IMARC Group

Electric Rickshaw (E-Rickshaw) Market in India Expected to Reach US$ 2 3 Billion by 2028 | IMARC Group
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United statesLohia auto industriesSaera electric auto privateMini metroGoenka electric motor vehicles privateNational electric mobility mission planKinetic green energy power solutions ltdIndian companiesMotors privateE ashwa automotive privateTerra motors india corpElectric rickshawBusiness reportSoutheast asiaFaster adoptionElectric vehicles

fame: EV companies to return FAME II sops or face legal action after Centre cracks the whip

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.

International centre for automotive technologyAutomotive research associationFaster adoptionElectric vehiclesPhased manufacturing planEnterprises owned revolt intellicorpAmo mobilityOkinawa autotechRevolt motorsBenling indiaLohia autoRevolt intellicorpInternational centreFame iiGrattan enterprises

FAME Red Signal: Return Sops or face Legal Action

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.

International centre for automotive technologyAutomotive research associationFaster adoptionElectric vehiclesPhased manufacturing planEnterprises owned revolt intellicorpAmo mobilityHero electricOkinawa autotechRevolt motorsBenling indiaLohia autoRevolt intellicorpInternational centre

Return subsidy or face legal action, govt tells EV makers; Iger spell yet to work at Disney

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.

Tata cliAlia bhattBhavish aggarwalBbob igerFaster adoptionElectric vehiclesNetweb technologiesOla electricHero electricOkinawa autotechRevolt motorsBenling indiaLohia autoAmo mobilityEnterprises owned revolt intellicorpPhased manufacturing plan