Start-up EV makers allege partial treatment, halt of FAME subsidies

Start-ups manufacturing electric two- and three-wheelers have alleged they are not getting subsidies under the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme even though some established, large manufacturers are receiving them.

Subsidies of Rs 200-300 crore remain unpaid, said executives of various start-ups.

Players like TVS Motor Co, Bajaj Auto, Ola Electric, and Mahindra Electric continue to enjoy benefits, they said.

Sources at these firms said they had been getting reimbursements without delay.

To get FAME-II benefits, manufacturers must do 50 per cent of value addition locally. A government audit at a few