Electric Vehicle Manufacturers Prefer Hero Electric and notice has been sent by Okinawa ministry of heavy industries, to check the components used in their products. It aims to check whether the parts and components are locally manufactured for which companies avail benefits under Rs 10,000 crore. Fame II Planning (rapid adoption and manufacturing of electric and hybrid vehicles).
A TOI report earlier mentioned that apart from Hero Electric and Okinawa, greaves cottonAmpere, Ratan India’s Rebellion, OkayaAnd Jitendra EV It faces an audit by ARAI (Automotive Research Association of India) to check whether the localization requirements under the FAME II scheme are met by these companies.
The website of the Ministry of Heavy Industries mentions that the government has decided to stop the FAME II subsidy for Hero Electric and Okinawa, which collectively sell about 17,000 units a month. Revolt, Ampere, Okaya and Jitendra combined sell 10,000-11,000 units per month.
A TOI report earlier mentioned that apart from Hero Electric and Okinawa, greaves cottonAmpere, Ratan India’s Rebellion, OkayaAnd Jitendra EV It faces an audit by ARAI (Automotive Research Association of India) to check whether the localization requirements under the FAME II scheme are met by these companies.
The website of the Ministry of Heavy Industries mentions that the government has decided to stop the FAME II subsidy for Hero Electric and Okinawa, which collectively sell about 17,000 units a month. Revolt, Ampere, Okaya and Jitendra combined sell 10,000-11,000 units per month.
The report further said that the first round of ARAI inspection was conducted in the first week of September and the second round which started on September 30 is still underway.
While Hero Electric, Okinawa and Revolt did not respond to media queries, Greaves Cotton said: “An audit was successfully conducted by testing agency officials at our Ranipet plant and we have been given a clean chit.”
Jitendra EV, on the other hand, said: Jitendra New EV Tech has not received any notice from the Department of Heavy Industries regarding any model of our company being ineligible for subsidy under the new mechanism for computing domestic value addition under FAME-II.”