Greaves Electric Mobility (formerly Ampere Electric Vehicles) said it has refunded around Rs 124 crore subsidy it received under the Rs 10,000 crore Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) scheme.
“In light of our commitment to consumer interests, to avoid protracted litigation, and without admitting to any of the allegations, contentions, or statements made in the Notice. Greaves Electric Mobility has refunded to the Ministry of Heavy Industries (MHI) the entire incentive claim of Rs 124 crore appx, along with the accrued interest, and without prejudice to our legal rights,” the company said in a public statement.
