EV companies to return FAME II SOPs or face legal action after Centre cracks the whip
The Indian government will take legal action against electric vehicle (EV) companies that wrongfully claimed incentives under the FAME II scheme and will ban them from participating in the updated programme. The government is also holding back funds after anonymous emails accused several firms of claiming incentives without adhering to local production requirements. Revolt Intellicorp and Amo Mobility, owned by Rattan Enterprises, have agreed to refund incorrectly claimed amounts.
Tags : fame fame ii rattan enterprises okinawa autotech amo mobility revolt motors revolt intellicorp electric vehicles ev & future mobility ev batteries
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. Money Nations 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.