Hero Electric

Festive cheer continues as India’s EV two-wheeler sales cross 1 million as of November

Ola Electric continues to lead the market with nearly 24.5% market share in November

Government awaits FAME II dues worth Rs 300 crore from Hero Electric, Okinawa and Benling

To be sure, OEMs which are yet to repay the government, have contested the government’s claims and some of them have already taken legal recourse to resolve the issue.

Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes: Officials

The Ministry of Heavy Industries (MHI) in India launched the Electric Mobility Promotion Scheme (EMPS) in March 2024

Ministry bars Hero Electric, Benling India from EV incentive schemes over default: Report

This action follows the ministry’s findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, the report added quoting senior officials.

EV two-wheeler sales up by 26% at 81,577 units in January, Ola Electric breaches 32k mark

With continued government support like the PLI scheme coupled with innovative products, the industry is set to reach 8.5 lakh units in FY 2023-24, analysts say

Davos 2024: Clear winner in India's EV industry is yet to emerge, says Hero Motocorp's CEO Niranjan Gupta

Hero MotoCorp's Niranjan Gupta said that the company will increase its focus on electric vehicles in the long run, in addition to investing in premium vehicles and digitisation.

FAME subsidy row: EV makers urge Centre to allow rebate refunds from customers

In a letter to Minister of Heavy Industries MN Pandey, the Society of Manufacturers of Electric Vehicles (SMEV) said the customers who have taken such subsidies can be asked to return these to the affected OEMs.

Centre to recover Rs 469 cr from 7 electric 2W makers for non compliance with FAME II

To promote electric and hybrid vehicles, a Rs 10,000-crore programme under the FAME-II scheme was announced in 2019.