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EV Makers Including Hero Electric, Okinawa, Benling Penalized For FAME-II Violations

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MHI says no clean chit to Hero Electric, Okinawa, Benling for flouting FAME-II scheme

Enquiry finds Hero Electric, Okinawa Autotech, and Benling India flouting FAME-II norms, facing penalties.

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India probes possible misappropriation of incentives by EV makers

India is investigating the possible misappropriation of incentives given to electric vehicle makers under a 100 billion rupee programme to promote their faster adoption, the minister for heavy. | December 20, 2022

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Govt inquiries, bad liquidity position makes ICRA downgrade Okinawa

A combination of factors like the deterioration in its liquidity due to long receivable cycle, increased business disruption risk due to inquiries by the government, and the expiry of eligibility for the FAME II government subsidy has led .

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Govt inquiries, bad liquidity position makes ICRA downgrade Okinawa

Govt inquiries, bad liquidity position makes ICRA downgrade Okinawa
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