Electric 2W makers asked to return Rs 500 cr for using Chinese parts under Make in India banner

The government of India is demanding that six electric two-wheeler manufacturers, including return Rs 500 crore ($60 million) worth of subsidies for violating localization rules since it is holding back unpaid subsidies from other EV 2W manufacturers, turning off a much needed source of capital in the process, as per a report by ET.The move…

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