Thursday, July 18

Tag: MHI

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue
EV Industry Updates, Industry Updates

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

The SMEV today indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI.  SMEV said that post numerous discussions with EV manufacturers, and those who are impacted by MHI’s decisions since the last 18 months, an unusual, but obvious, possibility for a logical solution has emerged and the OEMs have come around to accepting it as the best under the circumstances. This was confirmed after some OEMs collectively wrote to the newly appointed Honorary Chief Evangelist of SMEV, Shri Sanjay Kaul with a consensus on plausible steps and practical solutions that work for all. Following this, Sanjay Kaul has written to Hon’ble Minister, MHI Shri Mahendra Nath Pandey proposing these steps in or...