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A half-dozen electric scooter manufacturers who were found guilty of fraudulently claiming subsidies under the flagship FAME II (Faster Adoption and Manufacturing of Electric Vehicles) programme are the subject of sanctions that the Centre is considering.
The Centre is considering penalizing certain companies, potentially denying them further government funding, as part of a recent development. Additionally, they might not be allowed to take advantage of discounts on cars sold in the previous 15 months. As part of government initiatives to address specific issues relating to these corporations, certain steps are being examined. These factors have been validated by a senior government official.
The main FAME II (Faster Adoption and Manufacturing of Electric Vehicles) programme has found guilty 12 electric scooter manufacturers of fraudulently claiming subsidies.
Quick catch-up: The government has issued recovery notices to seven companies, including Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Lohia Auto, and AMO Mobility. Companies have been issued recovery notices worth ₹500 crore for violating local sourcing norms under the FAME II scheme, demonstrating the government's commitment to enforcing compliance.
The government has temporarily halted subsidies for two-wheeler manufacturers under the FAME-II scheme, following whistleblower allegations. Allegations suggest manufacturers misclaimed incentives without meeting local sourcing norms, leading to suspension of subsidies. Government's commitment to ensure scheme implementation and address misuse by two-wheeler companies.
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October 2023: Electric Two-Wheeler Sales Hit 71K, 10-Month Total Reaches 688K.
During the festival month, there was a boom in electric 2-wheeler sales in October 2023. Around 71,000 electric scooters were sold during this period.
01-Nov-2023 03:41 PM
Read Full NewsOctober 2023: Electric Two-Wheeler Sales Hit 71K, 10-Month Total Reaches 688K.
During the festival month, there was a boom in electric 2-wheeler sales in October 2023. Around 71,000 electric scooters were sold during this period.
01-Nov-2023 03:41 PM
Read Full NewsHero Vida Electric Scooter: Top 5 Things you Need to Know
Hero Vida V1 has been finally launched in India by Hero MotoCorp. The electric scooter will be available in two trims - V1 Plus and V1 Pro. Let's check what are the 5 interesting features in Hero Vida V1
13-Oct-2022 02:42 PM
Read Full NewsHero Vida Electric Scooter: Top 5 Things you Need to Know
Hero Vida V1 has been finally launched in India by Hero MotoCorp. The electric scooter will be available in two trims - V1 Plus and V1 Pro. Let's check what are the 5 interesting features in Hero Vida V1
13-Oct-2022 02:42 PM
Read Full NewsHero Vida V1 launched in India at a starting price of Rs. 1.45 Lakh
Hero MotoCorp's first electric scooter Vida V1 is now all ready to go on sale in India. The Vida V1 will be available in two variations, the V1 Plus and V1 Pro, each costing Rs. 1.45 lakh and Rs. 1.59 lakh
07-Oct-2022 05:39 PM
Read Full NewsHero Vida V1 launched in India at a starting price of Rs. 1.45 Lakh
Hero MotoCorp's first electric scooter Vida V1 is now all ready to go on sale in India. The Vida V1 will be available in two variations, the V1 Plus and V1 Pro, each costing Rs. 1.45 lakh and Rs. 1.59 lakh
07-Oct-2022 05:39 PM
Read Full NewsHero MotoCorp ready to enter EV segment with Vida Electric Scooters in October 2022
Hero MotoCorp is all set to enter the EV space with Vida Electric, the company's EV subsidiary. This has come after the company has faced several issues including the supply chain disruptions which delayed the announcement
05-Oct-2022 10:15 AM
Read Full NewsHero MotoCorp ready to enter EV segment with Vida Electric Scooters in October 2022
Hero MotoCorp is all set to enter the EV space with Vida Electric, the company's EV subsidiary. This has come after the company has faced several issues including the supply chain disruptions which delayed the announcement
05-Oct-2022 10:15 AM
Read Full NewsAther Energy registers record breaking month: Two-wheeler EV Sales Report September'22
Ola Electric and Ather, in September 2022, saw a significant increase in their electric two-wheeler monthly sales, while Hero Electric saw a decrease in deliveries
03-Oct-2022 01:21 PM
Read Full NewsAther Energy registers record breaking month: Two-wheeler EV Sales Report September'22
Ola Electric and Ather, in September 2022, saw a significant increase in their electric two-wheeler monthly sales, while Hero Electric saw a decrease in deliveries
03-Oct-2022 01:21 PM
Read Full NewsHonda Registered EM le, a new brand for electric two-wheelers
Honda has registered a new brand name EM le, a brand in the future for electric two-wheelers from the house of Honda. It seems quite evident that this name is soon coming into the market
29-Sep-2022 03:31 PM
Read Full NewsHonda Registered EM le, a new brand for electric two-wheelers
Honda has registered a new brand name EM le, a brand in the future for electric two-wheelers from the house of Honda. It seems quite evident that this name is soon coming into the market
29-Sep-2022 03:31 PM
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