Not in receipt of Centre's notice for subsidy recovery: Okinawa Autotech

Okinawa and Hero Electric have been in the eye of the storm

Hitting out at allegations of purportedly violating subsidy norms, Okinawa Autotech (Okinawa) Founder and Managing Director Jeetender Sharma says the conditions of phase-wise localisation of components required to get the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) II subsidy scheme were relaxed by the government for two years off the back of a pandemic breakout.

Sharma clarifies that the “company has not received any notice from the government to refund subsidies since 2019-20”. He points out that Okinawa has always adhered to government policies and, in fact, was the first company in the industry to receive a