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More EV companies to face action over 'alleged misappropriation' of funds: Report

The government has told four additional EV companies to return subsidies that they incorrectly received and to explain why they should not be disqualified from the FAME scheme, according to the news channels sources.
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Okinawa and Hero Electric's FAME-II subsidies stopped by Government of India: Here's why

The Government of India has stopped processing pending FAME-II subsidies of Okinawa and Hero Electric. The Government had earlier served a notice to both companies, last year. As per a PTI report, the manufacturers were under probe for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, which is currently in its second phase.
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Electric two-wheeler sales may miss FY23 target of 10 lakh units by 20 pc: SMEV - Jammu Kashmir Latest News | Tourism

New Delhi, Jan 1: Electric two-wheeler sales could miss the target of 10 lakh units in fiscal 2022-23 by 20 per cent, mainly due to withholding of around Rs 1,100 crore subsidy by the government, according to industry body SMEV. In 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers — Hero Electric, Ola and Okinawa — crossing the 1 lakh annual sales mark for the first time, the Society Of […]
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