Hero Electric, Okinawa, Govt. radar

Government sent notice to major EV makers in India.

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Hero electric, Okinawa, Revolt motors, Ampere need to explain their localization.

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According to rules, companies that’s selling “Made in India” EV are eligible for subsidies

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But these companies are suspected of importing components

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Ministry of Heavy industry (MHI) send the notice to many EV makers

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For FAME II subsidies an EV should be at-least 50% made in India.

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Subsidies are on hold for those EV makers with notice

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Hero Electric, Okinawa, Govt. radar

Hero Electric, Okinawa, Govt. radar

Government sent notice to major EV makers in India.

Government sent notice to major EV makers in India.

Hero electric, Okinawa, Revolt motors, Ampere need to explain their localization.

Hero electric, Okinawa, Revolt motors, Ampere need to explain their localization.

According to rules, companies that’s selling “Made in India” EV are eligible for subsidies

According to rules, companies that’s selling “Made in India” EV are eligible for subsidies

But these companies are suspected of importing components

But these companies are suspected of importing components

Ministry of Heavy industry (MHI) send the notice to many EV makers

Ministry of Heavy industry (MHI) send the notice to many EV makers

For FAME II subsidies an EV should be at-least 50% made in India.

For FAME II subsidies an EV should be at-least 50% made in India.

Subsidies are on hold for those EV makers with notice

Subsidies are on hold for those EV makers with notice

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