Greaves Electric offers to pay ₹125 crore for flouting FAME subsidy norms

Greaves Electric Mobility (formerly Ampere Electric Vehicles) has offered to refund the subsidy it received under the ₹10,000 crore Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, a top government official said.

Greaves is among the seven electric two-wheeler (e2w) makers accused by the government for selling vehicles without complying with the localisation mandate.