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After the government came down heavily on EV makers, like Hero Electric, over charges of misusing subsidy under the government's FAME II policy, the company has denied all allegations.
As part of this collaboration, Statiq will help Mahindra with charging point operations and the two entities will together focus on various e-mobility tech integration projects in the coming times.
The alleged Tesla spying issue led to road bans in China. If this continues, it will be a big deal for the automaker.
Ark Invest boss Cathie Wood, a longtime cheerleader for and investor in Elon Musk's EV maker, tweeted the move is "not worthy of any other response."
Hero Electric is facing an acute shortage of chipsets as well as supply chain restrictions. They also highlighted that the issue is not limited to them