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Government Contemplates Legal Action to Retrieve FAME Subsidy from Defaulting Companies

Government Contemplates Legal Action to Retrieve FAME Subsidy from Defaulting Companies

The Indian government is considering legal action against Hero Electric, Okinawa Autotech, and Benling India to recover wrongfully availed subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. Despite repeated attempts by the Ministry of Heavy Industries to retrieve the disputed amounts, these companies have failed to comply. As the outstanding dues accumulate daily, the government is[Read More…]

by March 19, 2024 News
In Lakshadweep, as infrastructure tax ends, fuel prices have come down by 15/lt; sharpest cut in India

In Lakshadweep, as infrastructure tax ends, fuel prices have come down by 15/lt; sharpest cut in India

The Indian Oil Corporation (IOC) has made a significant reduction in petrol and diesel prices by up to Rs 15.3 per litre in the Lakshadweep islands. This marks the most significant cut in fuel prices the country has ever seen. The move comes after Prime Minister Narendra Modi’s visit to the islands on Jan 24 that went viral on social[Read More…]

by March 19, 2024 News
Tata Motors Inaugurates Fifth Registered Vehicle Scrapping Facility near Delhi

Tata Motors Inaugurates Fifth Registered Vehicle Scrapping Facility near Delhi

Tata Motors, India’s leading automobile manufacturer, inaugurated its fifth Registered Vehicle Scrapping Facility (RVSF), near Delhi; marking a significant stride in its commitment to advancing sustainable mobility. Named ‘Re.Wi.Re – Recycle with Respect,’ the facility was inaugurated by Girish Wagh, Executive Director, Tata Motors. The facility deploys environmentally friendly processes and can safely disassemble 18,000 end-of-life vehicles annually. Developed in[Read More…]

by March 19, 2024 News
Ashok Leyland and Minus Zero Partner to develop Autonomous Trucks

Ashok Leyland and Minus Zero Partner to develop Autonomous Trucks

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer has announced a strategic alliance with Minus Zero, India’s leading autonomous driving technology startup. This long-term partnership aims to revolutionize commercial trucking by deploying autonomous solutions at scale. The initial focus of this collaboration will be on developing tailored autonomous trucking solutions for ports,[Read More…]

by March 19, 2024 News