Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

The Society of Manufacturers of Electric Vehicles (SMEV) has complained against an "arbitrary move" by the Department of Heavy Industries, saying that it has blocked subsidy disbursement of over Rs 1,100 crore under FAME 2 to almost all electric two-wheeler companies. The firms had already been passed on the subsidy amounts to customers who bought their vehicles.

In a communication shot off on December 12 to Minster of State for Heavy Industries, Krishan Pal Gurjar, SMEV argues that the companies cannot sustain this and that many manufacturers are planning to close down if the issue is not resolved and if