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FAME II NORMS
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...- Hero Electric seeks to settle subsidy misappropriation case with CentreHero Electric has sought the Ministry of Heavy Industries' intervention to resolve ongoing disputes and release pending EV subsidies. The c...
- 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 ...
- Budget 2024 may see FAME III be unveiledIndia plans to unveil an expanded third phase of the incentive scheme for electric vehicles in the upcoming interim budget on February 1. T...
- 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...
- 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...
- 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...
- This year, it could be a million e-bikes fameLast quarter, the government increased the subsidy allocation for electric two-wheelers by 75% to Rs 3,500 crore from Rs 2,000 crore provid...
- TVS, Ather, Ola hike prices of electric two-wheelers as new subsidy norms kick inIn a statement, TVS Motor Company stated that in order to propel the electrification journey further in a sustainable manner after FAME II ...
- ETtech Explainer: Why is government’s FAME-II scheme for EV companies likely to be scrapped?Violation of local-sourcing norms by EV makers to avail subsidies under the FAME-II scheme is is one of the key reasons for the government’...
- Government to issue notices to debar more companies found violating FAME-II norms: Official"We have received reports that some other companies have also violated the FAME-II guidelines. We will be issuing them notices similar to t...
- Companies that come clean will soon get incentives under FAME-IIThe Indian government will provide subsidies to all-electric two-wheeler manufacturers that have passed ongoing investigations to promote t...
- Ola Electric and Ather Energy to reimburse EV charger amountFollowing Ola’s decision to refund, all four companies are expected to refund the amount to the customers. Ola and Ather will be hit the mo...
- Electric two-wheeler monthly sales drop 23% in April; Ola Electric clocks marginal riseAccording to industry experts, the fall was due to the government's delay in disbursal of the FAME-II subsidy as multiple companies have co...
- From FAME to deFAME: How an EV scheme turned into a rough rideIndia's flagship electric mobility scheme, FAME II, has been mired in controversies over allegations of manufacturers flouting value-additi...
- Hero Electric, Okinawa under government lens over misuse of FAME sopsThe probe found the EV two-wheeler firms breached the localisation programme they had committed to, said the people. The recovery notices w...
- FAME-II sops of two EV makers on hold; government seeks localisation proof“After examination of reports in respect of two OEMs, the models of these two OEMs have been suspended from the FAME (Faster Adoption and M...
- EV companies meet officials to explain FAME-II mispricing allegationsGovt may pull the plug on EV subsidy scheme even as industry seeks an extension.
- Extension of FAME II certification validity to help bolster industry confidence, says SIAM"We appreciate and thank the Department of Heavy Industry (DHI) to accept this recommendation of the industry. Such progressive measures wo...
- e-bike sales come to a halt in AprilElectric two-wheeler sales have dipped from 6,000 units in March to almost nil.
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