Ola Electric to Ather Energy: EV players 'fully refund' wrongful claims

Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has actually reached the customers, the Ministry of Heavy Industries data show

The ex-factory price violators under the scheme Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II — Ola Electric, Ather Energy, TVS, and Hero MotoCorp’s Vida — have stumped up the money they owe customers for billing them the price of “off-board chargers”, which come with electric vehicles.

Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has reached the customers, the Ministry of Heavy Industries (MHI) data show.

The companies have put the remaining Rs 129.30 crore in an escrow account managed by IFCI.

The November 30 deadline to refund customers is responsible for the