The Center is mulling to blacklist more companies, including Hero Electric, Okinawa, from various government schemes related to electric vehicles. This punishment can be found in violation of the rules of the Fame-Two project.
If you commit a crime, you have to pay the price. Just like it is going to be with India's two 'namejada' electric scooter manufacturers Hero Electric and Okinawa Autotech. These two companies may be deprived of all the upcoming schemes and facilities of the central government related to electric vehicles. This is what the center is planning. What is the reason for the center's sudden attack on Hero and Okinawa?
Hero Electric and Okinawa Autotech may be blacklisted by the government
To increase sales of electric vehicles in the country, the Center used to subsidize the ex-factory price under the 'Faster Adoption of Manufacturing of Electric Vehicles' or FEM-II scheme. Which was very beneficial from the financial point of view for both buyer and seller. In this case, Hero Electric, Okinawa Autotech and other companies were accused of violating the Centre's rules. The Ministry of Heavy Industries conducted an investigation to verify the allegations. Later his truth was proved.
Hero Electric, Okinawa Autotech, Benling India Energy and Technology, AMO Mobility, Greaves Electric Mobility and Revolt Motors were named in the list of FAME-II scheme violations. According to the Centre, these companies were importing components for manufacturing electric vehicles instead of buying them from the local market. Which is against the rules of FEM-II project. that However, they have taken advantage of the subsidy.
The Center directed the companies to refund the wrongly received subsidy amount for violation of norms. Accordingly, AMO Mobility, Greaves Electric Mobility and Revolt Motors returned it. But Hero Electric, Okinawa, Benling India has not returned the subsidy till now. So as punishment these companies are excluded from FEM-II scheme. Even in the future, the Modi government is planning to keep them out of all the schemes in the related fields. A senior official of the Ministry of Heavy Industries told news agency PTI.
Incidentally, the FEM-2 project expired in April this year. In its place, the Center has brought the Electric Mobility Promotion Scheme or EMPS 2024 at the beginning of May. A budget of 500 crores has been allocated for this. Under this scheme electric two wheeler and three wheeler will be subsidized. A subsidy of Rs 10,000 on two-wheelers and Rs 50,000 on three-wheelers is being given on the ex-showroom price. The subsidy is valid till July, 2024. The government pays subsidy to the dealers depending on the number of vehicles sold.
