FAME Scheme Violation: Govt starts reinstating subsidies to EV makers that paid FAME penalties

The government reinstated subsidies for companies following stricter localization rules under EMPS, 2024. Revolt Motors and Greaves Electric Mobility paid back Rs 170 crore in penalties and awaited future sales subsidy approvals. The scheme received Rs 778 crore to support 5.61 lakh electric vehicles, aiming to boost the local EV industry.