Ola Electric, now India’s top producer of electric two-wheelers, has attributed the refund to special groups attempting to stymie the expansion of the EV market. In a statement released on Thursday morning, Ola Electric stated: “The EV industry has witnessed unprecedented success in the last couple of years, despite attempts from vested interest groups, like with the recent narrative on charger pricing.”
In order to stop the expansion of the EV business, entrenched interests are to blame, according to Ola Electric, the country’s top producer of electric two-wheelers. Thursday morning, Ola Electric released a statement in which it claimed that “the EV industry has witnessed unprecedented success in the last couple of years, despite attempts from vested interest groups, like with the recent narrative on charger pricing.”
Reports state that Ola Electric will reimburse 130 crore to over 15,000 consumers who purchased the chargers individually. According to a report in Mint, Ather Energy, one of the biggest EV manufacturers in India, would also pay out around 140 crore to 95,000 consumers. Approximately 90,000 customers will reportedly receive a total of 18 crore in reimbursements from TVS Motor and Hero MotoCorp. According to the Society of Manufacturers of Electric Vehicles (SMEV), the Centre owes EV companies approximately 1,200 crore in EV subsidy payouts.
After learning of the discrepancies, the Centre has ceased providing FAME advantages to EV manufacturers. As a result of failing to satisfy the localization requirements that are a requirement to qualify for FAME subsidies, at least two electric two-wheeler producers had their access to incentive benefits suspended.
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