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REVOLT SUBSIDY
Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapseElectric two-wheeler makers penalised for FAME-II subsidy violations have experienced a significant sales decline, with smaller players str...- Revolt Motors will soon start exports of its electric bikesRevolt Motors is set to begin exporting its electric motorcycles, starting with Sri Lanka. The company has received interest from various c...
- EMPS subsidy to remain till FAME-III rolloutThe Electric Mobility Promotion Scheme (EMPS) will continue to provide subsidies for electric two- and three-wheelers until the launch of t...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- Revolt pays back FAME subsidy with interest to centreRevolt Intellicorp, owned by RattanIndia, has refunded Rs 50.02 crore to the Indian government as a settlement after an investigation found...
- 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...
- 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...
- RattanIndia buys out electric vehicle maker Revolt MotorsThe acquisition comes at a time when Revolt is under scrutiny by the government for allegedly not complying with rules on mandatory local s...
- Government sends notices to EV makers Hero Electric, Okinawa on FAME-II subsidy sopsMicromax co-founder Rahul Sharma's Revolt Motors and Coimbatore-based electric vehicle manufacturer, Ampere Vehicle, have also received the...
- Is this the cost of toppling Maharashtra government: Congress on LPG price hikeIn a tweet in Hindi, Congress general secretary Priyanka Gandhi Vadra said the BJP spoke of welfare of the poor at its national executive m...
- Rajasthan govt's EV policy to hasten electrification, make e-bikes more affordable: Revolt MotorsRevolt Motors welcomes the Rajasthan EV Policy 2021, wherein customers of electric two wheelers will get incentives based on battery capaci...
- Maharashtra EV Policy to accelerate electric vehicle adoptionAs per the Policy, the state government targets to achieve 10 per cent penetration of EVs as new vehicle registrations by 2025, as well as ...
- Revision to FAME II subsidies to be game changer for eco-friendly vehicles: Electric 2-wheeler makersThe government had on Friday made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric Vehicles in India ...
- Centre extends FAME-II certificate validity to one year from date of issueThis essentially means that automakers who received certification later than 1 April 2020 for receiving subsidies under the scheme will con...
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