FAME 2 was the Centre's EV subsidy scheme, where consumers could buy EVs at subsidized prices and manufacturers could seek the subsidy amount from the government. However, companies can only seek the subsidy amount from the government if they comply with the scheme's localization norms.
All three companies were found to violate the phased manufacturing programme (PMP) guidelines under FAME 2 to avail subsidies worth ₹297 crore cumulatively, the corporate affairs ministry said.
The three companies manufacture two-wheeler electric vehicles.
Denne historien er fra December 03, 2024-utgaven av Mint Mumbai.
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Denne historien er fra December 03, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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