Rating agencies put Hero Electric, Okinawa on watch - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Rating agencies put Hero Electric, Okinawa on watch

The heavy industries ministry has launched a probe into alleged violation of localisation norms mandated under the Faster Adoption and Manufacturing of Electric and hybrid vehicles (FAME) scheme by EV makers. While multiple companies have come under the scanner, subsidies for Hero Electric and Okinawa show "expired" status on the FAME website.

from Industry-Economic Times
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