🚀DeFi, Web 3, and Tech enthusiasts, gather 'round! Let's talk about electric mobility in India and the FAME scheme.🔋🛵
😱Hero 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.💰
🕵️♂️CBI 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.🔍
🤔While 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.🏛️
🌱The government's commitment to electric mobility is unwavering, and this legal action shows they mean business!💪
🗣️What are your thoughts on this issue? Share them in the comments below!👇