Blog
Planify news
Ola, Ather Energy Under Govt Scanner For Falsely Claiming EV Subsidies Under FAME
Link copied
Ola, Ather Energy Under Govt Scanner For Falsely Claiming EV Subsidies Under FAME
18 October 2024
The Ministry of Heavy Industries is looking into the allegations that Ola, Ather Energy, TVS Motor and Vida were artificially keeping their vehicle prices lower to claim subsidies. A senior official told Inc42 that the ministry is verifying the claim internally, but has not sent any notice to the EV manufacturers.
The Ministry of Heavy Industries is looking into the allegations that Ola, Ather Energy, TVS Motor and Vida were artificially keeping their vehicle prices lower to claim subsidies. A senior official told Inc42 that the ministry is verifying the claim internally, but has not sent any notice to the EV manufacturers.
Stay Connected, Stay Informed –
Join Our
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.