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The Ministry of Heavy Industries (MHI) has debarred Hero Electric and Benling India, two defaulters under its flagship Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) scheme, from participating in any of its incentive programmes in future.
This action follows the ministry s findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, senior officials told ....
Electric Two-wheeler Makers: The government after an initial probe into violation of vehicle localisation norms mandated under the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme issued notices for recovery of INR 469 crore subsidy distributed to these companies for sales made between 2020 to 2023. ....
Hero Electric, Okinawa, Benling face blacklisting over FAME-II violations thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Greaves Electric Mobility, Revolt still waiting for re-certification of FAME scheme thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
AMO Mobility plans to raise around $200 million in three years to fund expansion New Delhi: Electric mobility startup AMO Mobility plans to raise around $200 million (nearly Rs 1,500 crore) in the next three years to fund its expansion, including enhancing production capacity to around 5 lakh electric two-wheelers per annum by 2025, according ....