4 EV companies being investigated for subsidy misuse
As per a recent economic times story. Four major manufacturers of electric two-wheelers find themselves under scrutiny,. Ola, Ather, TVS Motor, and Vida are accused of artificially lowering the prices of their products to claim subsidy. The government investigates these allegations, as senior officials look into the matter to determine if these companies mispriced their electric two-wheelers to qualify for subsidy through the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme.