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India may pull plug on FAME II after next fiscal

2 years ago Auto economictimes
The likely shift comes as the ministry of heavy industries, which administers FAME, has launched an investigation into the alleged misappropriation of subsidies under the scheme by two-wheeler EV makers, government officials familiar with deliberations said. It has halted the release of subsidies in some cases. Read more at: economictimes

Tags : fame ii ministry of heavy industries india fame PLI ev market in india ev makers Electric Vehicles electric four wheeler e buses acc

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