Business Standard

FAME subsidy violation: Two-wheeler EVs under fire for pricing breach

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales


Nitin Kumar New Delhi
The ministry of heavy industries (MHI) is widening the scope of investigation into the alleged misappropriation of the FAME subsidy for electric vehicles (EVs). The ministry has asked some of the top players in the electric two-wheeler space to explain how the maximum ex-factory price cap was being breached.
Senior officials confirmed to Business Standard that MHI had initiated a probe into the matter and had sent out letters to some of the top original equipment manufacturers (OEMs), asking them to explain their pricing. Business Standard has reviewed a copy of the official communication on the investigation.
India’s largest OEMs

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First Published: Feb 07 2023 | 9:50 PM IST

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