In an intresting update - Ministry of Heavy Industries halt the FAME-II subsidy for Okinawa and Hero Electric which together holds more than 30% of Market share in Electric twowheeler segment.
Govt Halts FAME-II subsidy for Okinawa and Hero Electric - The Timeline and in-depth analysis.
Govt Halts FAME-II subsidy for Okinawa and Hero Electric - The Timeline and in-depth analysis.
In an intresting update - Ministry of Heavy Industries halt the FAME-II subsidy for Okinawa and Hero Electric which together holds more than 30% of Market share in Electric twowheeler segment.
Several people in the know said that during the past few months, representatives from the Automotive Research Association of India (ARAI), an organization that accredits autos in India, have visited the manufacturing facilities of several EV manufacturers to audit their component sourcing. ARAI's findings significantly influenced the decision to remove Hero Electric and Okinawa's subsidies.
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