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Hero Electric Told to Return Subsidy

Mint Kolkata

|

May 30, 2025

The heavy industries ministry has sought to recover ₹167 crore given as subsidy to Hero Electric Vehicles Pvt. Ltd, according to two people aware of developments in the electric two-wheeler maker's insolvency proceedings.

- MANAS PIMPALKHARE

The ministry last year accused Hero Electric and a few other electric vehicle manufacturers of fraudulently claiming subsidies under the second iteration of the government's Faster Adoption and Manufacturing of Electric and Hybrid vehicles (F

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