Section

India demands e-scooter makers return USD 60 mn aid for using China parts

one year ago Auto economictimes
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. Read more at: economictimes

Tags : electric scooter Hero Electric Okinawa Autotech Ola Electric Temasek chinese parts e scooters hero motocorp ltd ev and future mobility auto parts from china imports of auto parts from china

Disclaimer : We make no assurance about the completeness and accuracy of the content of this website. All news on this website is collected from various sources hence information may or may not be true. Bollywood charcha does not verify the reliability of the content published. We do not accept any accountability for loss or damage occurred as a result of reliability on the content of this website.

You May Also Like