New Delhi, May 9 -- Original Equipment Manufacturers (OEMs) in the electric vehicle industry are unlikely to receive relief from the Centre regarding the sale of vehicles manufactured before March 31, which would have qualified for benefits under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme.
Despite appeals from industry stakeholders, the Ministry of Heavy Industries (MHI) remains firm in its stance, according to sources familiar with the decision.
No relief could be provided to OEMs because the timeline was clear from the inception of the scheme, said a senior official.
The FAME corpus has an undisbursed amount of Rs 1,271 crore, which the OEMs had hoped to utilise for their request. A consortium of OEMs ...