The ministry has asked some of the top players in the electric two-wheeler space to explain how the maximum ex-factory price cap was being breached.
Senior officials confirmed to Business Standard that MHI had initiated a probe into the matter and had sent out letters to some of the top original equipment manufacturers (OEMs), asking them to explain their pricing. Business Standard has reviewed a copy of the official communication on the investigation.
India's largest OEMs (by sales number) in the EV two-wheeler segment are Hero Electric, Okinawa, Ola Electric, Ampere Vehicles, Ather Energy, TVS and Bajaj Auto.
Last year, the ministry had taken action against OEMs for violating localisation norms and several companies including Okinawa Scooters and Hero Electric were barred from claiming subsidies under the FAME scheme.
This story is from the February 08, 2023 edition of Business Standard.
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This story is from the February 08, 2023 edition of Business Standard.
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