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Greaves Electric offers to pay INR 125 cr for flouting FAME subsidy norms, ET Auto

Greaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India scheme. The company is one of seven electric two-wheeler makers accused of selling vehicles without meeting localisation requirements. Greaves plans to repay around ₹124.91 crore, making it the second company to offer a refund. ....

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Tvs Motor Company: Greaves Electric offers to pay ₹125 crore for flouting FAME subsidy norms

Greaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India scheme. The company is one of seven electric two-wheeler makers accused of selling vehicles without meeting localisation requirements. Greaves plans to repay around ₹124.91 crore, making it the second company to offer a refund. ....

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How Indian EV firms are improving their financial health as demand soars

India's top electric two-wheeler makers managed to improve their financial health in the fiscal year ended 31 March 2022 even as revenue jumped thanks to booming demand, a VCCircle analysis shows.

Sales of electric two-wheelers have jumped in India over the past couple of years, driven by growing consumer preference for .. ....

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