FAME-II investigation: Hero Electric gets 10 days to submit papers

Revolt Intellicorp to pay back Rs 44 crore

The Ministry of Heavy Industries (MHI) has given a 10-day extension to Hero Electric to submit relevant documents in connection with the investigation into the alleged violation of the Phased Manufacturing Programme (PMP) guidelines under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme. 

Revolt Intellicorp, which is also under investigation, has agreed to return Rs 44 crore that it received as subsidy under the scheme. 

Executives of these two electric two-wheeler makers appeared before the ministry in connection with the probe. Of the other five companies under the scanner, Benling India, Amo Mobility, and Lohia Auto