 "electric scooter, EV")
The central government has suspended incentive payments to Hero Electric and Okinawa for not complying with the requirement for the localisation of components. The incentives were being given under the Rs 10,000 crore FAME-II scheme, a report by Times of India (TOI) said on Friday.
"An audit by the Automotive Research Association of India (ARAI) is currently underway at four more EV companies besides Hero Electric and Okinawa... The scope of the audit at manufacturing facilities of EV two-wheeler manufacturers is to verify that the components used in their vehicles are largely locally sourced. This is an essential criterion to
