EV industry body seeks Par panel’s intervention in release of pending subsidies – EQ Mag
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New Delhi : Electric vehicle industry body SMEV on Tuesday appealed to a parliamentary panel to direct the government to release the pending subsidy of Rs 1,200 crore earmarked for the liquidity-hit sector.
In a petition to the Parliamentary Standing Committees on Industry and Estimates, the Society of Manufacturers of Electric Vehicles (SMEV) stated that EV adoption is slowing down due to the financial stress being faced by the industry.
The industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.
Source: PTI
