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Probe underway against government officials in FAME subsidy misappropriation case

12 months ago Auto economictimes
Under the FAME scheme, companies were to make electric vehicles (EVs) in India and get subsidised by the centre. But multiple players ended up using imported components in their vehicles and getting financial supports for the same. This was followed by the government sending recovery notices of Rs 450 crore to seven companies electric two-wheeler (e2w) companies for violating local sourcing norms required to be met under FAME India to claim incentives. These companies were also barred from submitting future claims under the scheme. Read more at: economictimes

Tags : fame subsidy fame rizvi ministry of heavy industries kamran rizvi international centre for automotive technology icat heavy industries ministry ev policy ev subsidies

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