Hero Electric, Okinawa and 10 other EV OEMs being probed for alleged violation of FAME II scheme

The Government of India is investigating the misappropriation of incentives given to EV Makers as a part of faster adoption. Minister of Heavy Industries Mahendra Nath Pandey confirmed this news and informed these incentives are given under the 100 billion program. Several complaints are registered on EV Parts Manufacturer Companies such as Hero Electric Vehicles Pvt Ltd and Okinawa Autotech Pvt Ltd for violation of guidelines.

A few other companies against which complaints are registered are Benling India Energy and Technology Pvt Ltd, Jitendra New Ev Tech Pvt Ltd, Okaya Ev Pvt Ltd, Greaves Electric Mobility Pvt Ltd, Revolt Intellicorp Pvt Ltd, Avon Cycles Ltd, Kinetic Green Energy & Power Solutions Ltd, Lohia Auto Industries, Thukral Electric Bikes Pvt Ltd and Victory Electric Vehicles International Pvt Ltd. None of them have responded to the complaint immediately.

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He even further added that two of the companies in this list are even exempted from taking further incentives under this scheme. However, Mahendra Nath Pandey didn’t name the companies. As an initiative to grow the EV Car Market i.e. 1% of total car sales of about 3 million a year, to 30% by 2030 this faster adoption policy has come into the picture.

This is why the government is making necessary actions and reimbursing both EV and Hybrid Vehicle Makers in order to cut down the cost of vehicle purchasing under the Scheme Faster Adoption and Manufacturing of Electric Vehicles(FAME).

Pandey even further added that introducing the FAME Programme has even led to a growth in EV Car Sales i.e. from 19,100 in 2019-20 when the scheme began to 442,901 in 2022-23 till Dec 9, 2022.