Ola, Ather, TVS, and Others meet with government officials to discuss FAME-II mispricing allegations

Share via:

Ola Electric, Ather Energy, TVS Motors, and Hero MotoCorp representatives are said to have met with government officials to respond to recent whistleblower allegations of vehicle mispricing under FAME-II standards.

According to an ET report, these companies responded to an email sent by the testing organisation Automotive Research Association of India (ARAI).

The testing agency had requested clarification on allegations that these original equipment manufacturers (OEMs) were billing their chargers and add-on software upgrades separately in order to take advantage of the subsidies.

According to media reports, the EV makers were under government scrutiny last month after a whistleblower accused them of billing software and charger separately to artificially keep the vehicle price under the FAME-II scheme’s limit.

According to the FAME scheme, electric two-wheeler OEMs cannot claim subsidies on vehicles costing more than INR 1.50 lakh ex-factory. Currently, the scheme offers INR 15,000 per kWh battery size for two-wheelers, up to 40% off the sticker price.

For example, both Ather and Hero MotoCorp stated that they have set up free charging stations for customers, with Ather claiming 1,100 Ather Grids and a 100-member team running them and Hero MotoCorp claiming 300 charging stations in 50 cities.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Ola, Ather, TVS, and Others meet with government officials to discuss FAME-II mispricing allegations

Ola Electric, Ather Energy, TVS Motors, and Hero MotoCorp representatives are said to have met with government officials to respond to recent whistleblower allegations of vehicle mispricing under FAME-II standards.

According to an ET report, these companies responded to an email sent by the testing organisation Automotive Research Association of India (ARAI).

The testing agency had requested clarification on allegations that these original equipment manufacturers (OEMs) were billing their chargers and add-on software upgrades separately in order to take advantage of the subsidies.

According to media reports, the EV makers were under government scrutiny last month after a whistleblower accused them of billing software and charger separately to artificially keep the vehicle price under the FAME-II scheme’s limit.

According to the FAME scheme, electric two-wheeler OEMs cannot claim subsidies on vehicles costing more than INR 1.50 lakh ex-factory. Currently, the scheme offers INR 15,000 per kWh battery size for two-wheelers, up to 40% off the sticker price.

For example, both Ather and Hero MotoCorp stated that they have set up free charging stations for customers, with Ather claiming 1,100 Ather Grids and a 100-member team running them and Hero MotoCorp claiming 300 charging stations in 50 cities.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

How OpiGo Is Giving Retail Investors A Shield Against...

SUMMARY OpiGo is a tech platform that provides stock...

FIFA, Mythical Games collaborate to launch blockchain game FIFA...

Mythical’s CEO John Linden anticipates that FIFA Rivals...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!