Centre planning to stop subsidies of firms found violating FAME-II norms
The companies that have been found wrongfully claiming subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme may be debarred from availing of them in the future and may also have to forego sops on electric vehicles (EVs) sold in the last 15 months, The Economic Times (ET) reported on Tuesday.
The Centre is considering strict action against the companies found to be violating local sourcing norms. The list includes names like Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, AMO Mobility and Lohia Auto, the report said.
