Centre to recover subsidies wrongly claimed under Fame scheme: Report

Ministry of Heavy Industries has already initiated the process to find out the quantum of subsidy claimed without meeting the localisation commitments by EV makers in India

The Centre is planning to recover the subsidies wrongly claimed by electric vehicle (EV) makers in India, a report in the Economic Times (ET) said. The subsidies were availed of under the Rs 10,000 crore Faster Adoption and Manufacturing of EVs in India (Fame) scheme created by the Centre for promoting local manufacturing and adoption of transport that does not have tailpipe emissions. 

"EV manufacturers had committed to the government that they would gradually increase the quantum of localisation in the vehicles they sell in the country," a senior official told ET. The Ministry of Heavy Industries (MHI) has already