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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.
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.
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.
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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