Ola Electric, Okinawa, Hero Electric, fined Rs 365 crore for FAME II EV subsidy violations

With the investigations into the EV OEMs now completed, manufacturers such as Okinawa and Hero Electric, have found to be in violation of the FAME II scheme regulations, as their EVs used heavy amounts of imported components in comparison to locally produced parts. As a result, the union government has reportedly demanded a recovery of Rs 249 crore from these OEMs.

from Auto News: Upcoming Cars and Bikes, New Launches, Price and Reviews | Times of India

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