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Electric Scooter: India demands e-scooter makers return $60 million aid for using China parts, ET EnergyWorld

Electric Scooter: Indeed, the government is demanding that six — including Hero Electric Vehicles Pvt, once India’s top e-scooter maker — return 5 billion rupees ($60 million) of subsidies for violating localization rules.
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Electric Scooter: India demands e-scooter makers return USD 60 mn aid for using China parts, ET Auto

Several electric scooter startups in India are facing challenges and losing investor interest due to their reliance on Chinese parts instead of local sourcing. The government has demanded that six companies return subsidies worth USD 60 million for violating localization rules. Last year, a series of e-scooter fires prompted an investigation into whether companies were meeting localization norms.
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electric scooter: India demands e-scooter makers return $60 million aid for using China parts

Several electric scooter startups in India are facing challenges and losing investor interest due to their reliance on Chinese parts instead of local sourcing. The government has demanded that six companies return subsidies worth $60 million for violating localization rules. Last year, a series of e-scooter fires prompted an investigation into whether companies were meeting localization norms.
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E-Scooter makers asked to return $60 million aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products, leaving customers vulnerable to life-threatening incidents.
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Business News | Reseal.in Hosts Maharashtra Udyog Bhushan Puraskar 2023 in Nashik

Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], August 8: Reseal Market Research and Film company, known for its extensive expertise in research, branding, media, and films, hosted the esteemed Maharashtra Udyog Bhushan Puraskar 2023 at Hotel Radisson Blu in Nashik on August 6, 2023. Business News | Reseal.in Hosts Maharashtra Udyog Bhushan Puraskar 2023 in Nashik.
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FnF Research: Global Electric Vehicle Market Size & Share Projected to Hit at USD 980 Billion and Rise at a CAGR of 24.5% By 2028: Industry Trends, Demand, Value, Analysis & Forecast Report

NEW YORK, Feb. 7, 2023 /PRNewswire/ -- As per Facts and Factors study, The global electric vehicle market was valued at roughly USD 185 billion in 2021 and is expected to reach USD 980 billion
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