Govt to hold back EV subsidies for Okinawa, Hero Electric: Report

Centre will hold back EV subsidies given under Phase-II of FAME scheme for Okinawa and Hero Electric over violation of norms, CNBC-TV18 reported. Approximately ₹1,100 crore was held back by the government. Centre's investigation into violation of norms by 17 firms is nearing completion and subsidy reimbursement will resume in two to three days.