The government has suspended the subsidies of around a dozen more electric vehicle (EV) makers as investigations progress into alleged incentives misappropriation by some companies under New Delhi’s flagship promotion scheme for green transport technology.
A majority of the companies that have seen their subsidies recently paused are engaged in manufacturing three-wheelers. These include Victory Electric Vehicles, Thukral Electric and Best Way Agencies, among others.
The subsidies are part of the ₹10,000-crore programme called FAME 2 ( Faster Adoption and Manufacturing of Electric vehicles in India scheme Phase-2). The FAME-2 web site shows the status of subsidies for vehicles manufactured by these companies as “expired”.
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