๐DeFi, Web 3, and Tech enthusiasts, gather 'round! Let's talk about electric mobility in India and the FAME scheme.๐๐ต
๐ฑHero Electric, Okinawa Autotech, and Benling India are in hot water for allegedly failing to repay subsidies under the FAME scheme. The government is considering legal action to recover the disputed amounts.๐ฐ
๐ต๏ธโโ๏ธCBI or Enforcement Directorate may be involved to investigate any criminal intent behind the subsidy default. Top defaulters owe the government approximately INR 155 Cr, INR 125 Cr, and INR 50 Cr, respectively.๐
๐คWhile other companies have resolved the issue, these three are yet to comply fully. Hero Electric and Benling India claim they've adhered to FAME guidelines, while Okinawa Autotech awaits further instructions from the high court.๐๏ธ
๐ฑThe government's commitment to electric mobility is unwavering, and this legal action shows they mean business!๐ช
๐ฃ๏ธWhat are your thoughts on this issue? Share them in the comments below!๐