Ather, TVS, Hero MotoCorp to refund charger cost to buyers

Four major EV two-wheeler players Ola, Ather, TVS Motor, and Vida (a unit of Hero MotoCorp), were under the scanner for allegedly mispricing their vehicles to make them eligible for subsidy under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme. The FAME policy document specifies that electric two-wheelers that retail above INR 1.50 lakh per unit are ineligible for benefits under the INR 10,000-crore programme.

machineryasia machineryasia
May 4, 2023 - 15:22
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Ather, TVS, Hero MotoCorp to refund charger cost to buyers
Four major EV two-wheeler players Ola, Ather, TVS Motor, and Vida (a unit of Hero MotoCorp), were under the scanner for allegedly mispricing their vehicles to make them eligible for subsidy under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme. The FAME policy document specifies that electric two-wheelers that retail above INR 1.50 lakh per unit are ineligible for benefits under the INR 10,000-crore programme.