From FAME to deFAME: How an EV scheme turned into a rough ride

India's flagship electric mobility scheme, FAME II, has been mired in controversies over allegations of manufacturers flouting value-addition norms and under-pricing electric vehicles to claim subsidies. The government is planning to recover subsidies from Hero Electric and Okinawa, following investigations which found they had violated FAME India scheme provisions. Approximately ₹1,100 crore of subsidy was withheld from 12 electric two-wheeler makers after several wrongfully declared imported components as locally sourced. The controversy has created an environment of uncertainty surrounding FAME II, which may end after this financial year.

from Auto-Industry-Economic Times https://ift.tt/tGpvUiS