Three EV makers raided for Rs 297 cr subsidy 'fraud'The SFIO has searched Hero Electric, Benling India, and Okinawa Autotech for allegedly availing ₹297 crore in subsidies under the FAME II s...
03 Dec, 2024, 12.16 AM IST
SFIO holds search operations at Hero Electric, other cos for fraudulent availing of subsidies worth Rs 297 crores under FAME IIThe SFIO has conducted searches at Hero Electric, Benling India, and Okinawa Autotech for fraudulent subsidy claims worth Rs. 297 crores un...
02 Dec, 2024, 07.13 PM IST
FAME Scheme Violation: Govt starts reinstating subsidies to EV makers that paid FAME penaltiesThe government reinstated subsidies for companies following stricter localization rules under EMPS, 2024. Revolt Motors and Greaves Electri...
09 Aug, 2024, 09.24 AM IST
Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes, say officialsThree electric vehicle makers, Hero Electric, Okinawa, and Benling India, face blacklisting from central schemes for not returning wrongly ...
24 May, 2024, 08.29 PM IST
Support to three EV 2-wheeler makers may be restoredThe government after an initial probe into violation of vehicle localisation norms mandated under the Faster Adoption & Manufacturing of El...
22 May, 2024, 12.44 AM IST
Govt may slap recovery suit on 3 companies to get back FAME subsidyThe Centre is considering legal action against Hero Electric, Okinawa Autotech, and Benling India for not repaying the subsidies they wrong...
19 Mar, 2024, 12.12 AM IST
Hero Electric taps investor GII, credit funds to raise ₹550 crThe development comes at a time when Hero Electric has been facing pressure on operations with the Ministry of Heavy Industries stalling di...
24 Nov, 2023, 11.41 PM IST
Greaves Electric offers to pay ₹125 crore for flouting FAME subsidy normsGreaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India s...
19 Oct, 2023, 12.18 AM IST
India to be a global giant in electric vehicles by 2030: GovtIndia aims to become a global leader in the electric vehicle (EV) sector by 2030, with the two-wheeler segment expected to achieve this goa...
13 Sep, 2023, 06.07 PM IST
Govt exploring legal options against electric 2-wheeler cos for not complying with FAME II normsThe Indian government is considering legal action against seven electric two-wheeler companies for not complying with the FAME II scheme no...
13 Sep, 2023, 03.42 PM IST
Return subsidy or face legal action, govt tells EV makers; Bob Iger spell yet to work at DisneyThe government sent recovery notices totalling Rs 469 crore earlier this fiscal year to seven companies — Hero Electric, Okinawa Autotech, ...
17 Jul, 2023, 07.10 PM IST
EV companies to return FAME II sops or face legal action after Centre cracks the whipThe Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II s...
17 Jul, 2023, 08.08 AM IST
FAME: Govt plans to penalise erring e-scooter companiesA senior government official said debarring these companies from availing government subsidies in the future as well as not allowing them t...
20 Jun, 2023, 12.59 AM IST
Safety certification delay hits EV salesSubsidies totalling more than ₹1,200 crore are on hold for around a dozen companies, as per a lobby group representing the industry. The go...
03 May, 2023, 01.51 PM IST
EV makers not misappropriating subsidies under FAME scheme, says SMEVThe government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the ...
22 Dec, 2022, 09.36 PM IST
Government probes possible misappropriation of incentives by electric vehicle makersComplaints were made against 12 electric vehicle and parts manufacturers, including Hero Electric Vehicles Pvt Ltd and Okinawa Autotech Pvt...
20 Dec, 2022, 08.16 PM IST
'Be CEO of You Inc.' How women can rise to be effective & empathetic leadersThere is a lot being said about filling the gender-pay gap. But there are some aspects that need more focused attention to help women get b...
07 Mar, 2022, 06.51 PM IST