Government to provide Rs 500 crore to four e-scooter companies under FAME II scheme

  • The Ministry of Heavy Industries will provide Rs 500 crore to four e-scooter companies under the FAME II scheme.
  • Ola is expected to receive the highest payout of Rs 370 crore.
  • Ather is expected to receive Rs 275 crore.
  • TVS is expected to receive upwards of Rs 150 crore.
  • Hero MotoCorp is expected to receive Rs 28-30 crore.
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