The ministry of heavy industries (MHI) is set to take legal action against five electric two-wheeler makers for failing to repay the subsidies that were allegedly wrongfully claimed under the government’s FAME-II scheme.
According to an official with direct knowledge of the matter, out of the seven companies that received recovery notices, only two have agreed to return the subsidy amount sought by the government retrospectively. However, Hero Electric, Okinawa AutoTech, Ampere, and Benling India declined to comply with the payment demands.
The companies are likely to face recovery suits and be compelled to engage in legal proceedings with the government, which is determined to recover around ₹469 crore in remaining subsidies.
The companies willing to return the subsidy amount are electric two-wheeler motorcycle manufacturer Revolt ( ₹24 crore) and Noida-based e-scooter manufacturer Amo Mobility ( ₹83 lakhs).
Bu hikaye Mint Mumbai dergisinin July 29, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin July 29, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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