Auto Express

Government probes 12 automakers for alleged embezzlement of FAME subsidies

The government is investigating 12 automakers including electric two-wheelers such as Hero Electric and Okinawa Autotech for allegedly embezzling subsidies under the Act. $The 10,000 crore FAME plan, Union Heavy Industries Minister Mahendra Nath Pandey informed Parliament. The complaints are mainly related to the violation of the Phased Production Program (PMP) guidelines under the Indian FAME Program Phase II.

Car table HT

Update on:
10:10 am on December 21, 2022

Profile photo of an electric vehicle being charged for illustrative purposes only (REUTERS)
Profile photo of an electric vehicle being charged is for illustrative purposes only (REUTERS)

Other original equipment manufacturers (OEMs) that have received complaints include Benling India Energy and Technology, Okaya EV, Revolt Intellicorp, Kinetic Green Energy & Power Solutions, Jitendra New EV Tech, Greaves Electric Mobility, Avon Cycles, Lohia Auto Industries, Thukral Electric Bicycle and Electric Vehicle Victory International.

All complaint cases have been forwarded to inspection agencies for re-verification. The minister said that after examining the reports made on the two OEMs, the models of these two OEMs have been suspended from the FAME program. “Furthermore, processing of their pending complaints has been stopped until they have submitted sufficient evidence that they are in compliance with the PMP timelines,” the Minister informed Lok Sabha in a statement. feedback.

The Faster Electric Vehicle Adoption and Production (FAME) scheme has been launched in India in Phase II to accelerate the adoption of electric/hybrid vehicles in the country. Currently, Phase II of the India FAME Scheme is being implemented for a period of 5 years, from 1 April 2019 with a total support budget of $10,000 cores.

Date of first publication: December 21, 2022, 10:10 am IST


News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button