The collapse of the subsidy scheme has not only caused operations to stall, and sales to dry up but acute pressure had been caused on dealerships, even customers whose bookings had to be cancelled, the letter said
The Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023
Also, the Heavy Industries Ministry will resume disbursal of subsidies under the scheme shortly as reports of most of the firms under the ambit of the audits being conducted by India's premier vehicle testing and validation agencies — ICAT and ARAI — have...
