Recovery notices likely to two EV companies over FAME sops

New Delhi: The Centre is likely to issue recovery notices to Hero Electric and Okinawa after a probe concluded the two companies violated the provisions of the FAME India scheme, said people with knowledge of the matter.

The probe found the EV two-wheeler firms breached the localisation programme they had committed to, said the people. The recovery notices will seek to claw back the subsidy amount disbursed under the FAME II scheme, they said.