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MISAPPROPRIATION OF FAME SUBSIDIES
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...- Follow PM E-DRIVE rules and prevent recurrence of FAME 2 fiasco: Kumaraswamy to industryUnion Heavy Industries Minister H D Kumaraswamy urges the automotive industry to avoid subsidy misappropriation under the new PM E-DRIVE sc...
- What's draining the juice out of electric two-wheeler makers' batterySales of e2Ws plummet due to policy inconsistencies, supply chain issues with Chinese suppliers, and expectations for FAME III rollout, imp...
- Govt keeping top EV makers accused of FAME subsidy misappropriation out of the new scheme: ReportEV makers face subsidy dispute. EMPS 2024 offers Rs 10,000 per two-wheeler. TVS Motor and Ather show notable sales growth in FY24, while el...
- Volume ramp up, robust supply chain: What Bajaj and TVS can do to make EV biz countMargin gains and volume share within the overall product portfolio of EVs are still small. And the EV production lines of the ICE OEMs cont...
- Probe underway against government officials in FAME subsidy misappropriation caseUnder the FAME scheme, companies were to make electric vehicles (EVs) in India and get subsidised by the centre. But multiple players ended...
- 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...
- Unveiling of FAME 3 scheme hinges on unspent scheme funds by FY24 endUnder the FAME II scheme, the centre offered Rs 10,000 crore as incentives to EV makers from 2019 onwards. These benefits were linked to lo...
- EV industry body seeks Parliamentary panel's intervention in release of pending subsidiesThe industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.
- 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...
- India may pull plug on FAME II after next fiscalThe likely shift comes as the ministry of heavy industries, which administers FAME, has launched an investigation into the alleged misappro...
- Four EV companies under lens for subsidy misuseOla, Ather, TVS Motor and Vida are under the scanner for allegedly mispricing their electric two-wheelers to make them eligible for subsidy...
- Government official dismisses EV lobby claims on FAME subsidyThe Ministry of Heavy Industries last year halted giving sops as part of a EV promotion scheme to multiple companies like Hero Electric and...
- More EV makers lose subsidy as Centre's probe deepensThe subsidies are part of the ₹10,000-crore programme called FAME 2 ( Faster Adoption and Manufacturing of Electric vehicles in India schem...
- Govt to recover wrongly claimed sops by EV makersThe Ministry of Heavy Industries (MHI) has begun the process to ascertain the quantum of subsidy used by manufacturers without adhering to ...
- Lens on EV makers' claim to FAME subsidy: Testing agencies to relook at eligibilityThe subsidy was meant to make domestically manufactured EVs cheaper for end consumers. A key goal of the FAME scheme is to establish and bo...
- Indian EV maker Avon Cycles denies allegations of misappropriation of incentivesComplaints were made against 12 electric vehicle and parts manufacturers, including Avon Cycles, for violating guidelines under the Rs 1000...
- 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 ...
- Electric vehicle lobby writes to parliamentary committee against fraudulence allegationsThe lobby, Society of Manufacturers of Electric Vehicles (SMEV), in its petition to the parliament standing committee on electric and hybri...
- Government buys EVs back from users to take apart and check for local partsThe inspection covers multiple units of all the electric two-wheeler makers who have availed of subsidies under the FAME-India scheme. The ...
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