Home FINANCE Some cos did not comply with FAME II norms: Report

Some cos did not comply with FAME II norms: Report

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NEW DELHI: A committee appointed by the ministry of heavy industries investigating violation of localisation norms under FAME II schemes for electric two-, three- and four-wheelers has said that testing agencies have followed uniform and consistent process, while concluding that certain companies did not comply with norms, which were finalised after consultation with industry players.
Hero Electric Vehicles, Okinawa Autotech, Amo Mobility Solutions, Greaves Electric Mobility, Revolt Intellicorp and Benling India Energy and Technology were found to be wanting in complying with the prescribed localisation norms. Govt has recovered incentives from most companies.
Last year, a panel had been set up to look into the role of officials in the irregularities, but the report was found to be “vague, incomplete and suffering from numerous shortcomings and contradictions”, prompting the constitution of a second committee under an additional secretary-rank officer.
In its first report, the committee has concluded that the scheme and the guidelines were clear and well understood by all stakeholders, including test agencies, OEMs and the ministry. The committee had also pointed to gaps in the earlier report, sources said.