New Delhi, May 20 -- An inquiry by the Ministry of Heavy Industries (MHI) has determined that three electric vehicle (EV) manufacturers - Hero Electric Vehicles Pvt Ltd., Okinawa Autotech Pvt Ltd., and Benling India Energy and Technology Pvt Ltd. - were in violation of guidelines under the government's Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme.
According to sources familiar with the matter, a newly formed committee headed by an Additional Secretary at MHI has been investigating the issue for several months.
Their initial findings conclude that the companies flouted FAME-II norms and must pay significant penalty amounts - Rs 133.8 crore for Hero Electric, Rs 116.85 crore for Okinawa Autotech, and Rs 48.42 cr...