Waiting to resolve EV subsidy deadlock, recover Rs 500 crore: Hero Electric CEO

Hero Electric on Sunday said that they are awaiting a formal communication from the Ministry of Heavy Industries towards quickly resolving the subsidy deadlock, which could be the first step to help the EV company recover Rs 500 crore held up with the Department as unpaid subsidy quickly. There has been news in the media about the possibility of Hero Electric being asked to give back the subsidy.

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

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