Post Tagged with: "FAME Subsidy"

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