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Greaves Electric offers to pay INR 125 cr for flouting FAME subsidy norms

one year ago Auto economictimes
Greaves Electric Mobility, formerly known as Ampere Electric Vehicles, has offered to refund the subsidy it received under the FAME India scheme. The company is one of seven electric two-wheeler makers accused of selling vehicles without meeting localisation requirements. Greaves plans to repay around ₹124.91 crore, making it the second company to offer a refund. Read more at: economictimes

Tags : Greaves Electric Tvs Motor Company FAME India hero electric okinawa autotech ampere ev ifci ltd hero motocorp fame policy ev policy ev adoption ev and future mobility

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