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India Probing 12 EV Makers Over Alleged Misappropriation of Government Subsidies

Started by Epoch-Times-Bot, Dec 23, 2022, 06:00 AM

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Epoch-Times-Bot

Dec 23, 2022, 06:00 AM
India Probing 12 EV Makers Over Alleged Misappropriation of Government Subsidies

India has launched a probe into the alleged misappropriation of incentives given under a 100 billion rupee ($1.2 billion) scheme, which was designed to accelerate the adoption of electric vehicles (EVs) in the country.
Indian Minister for Heavy Industries Mahendra Nath Pandey told Parliament on Tuesday that the investigation was initiated in response to complaints received by the ministry involving 12 local automakers.
“All the complaint cases have been referred to the testing agencies for re-verification,” Pandey said in his written reply to Parliament.
Pandey said that scheme subsidies for two automakers had been suspended following a review of complaints, and processing of their pending claims had been stopped until they provide evidence of compliance. The minister did not disclose the names of the companies....

Source: India Probing 12 EV Makers Over Alleged Misappropriation of Government Subsidies

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