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India

Indian Government asks Greaves Cotton to repay subsidy over FAME II violations

On May 26, Greaves Cotton announced that the Ministry of Heavy Industries (MHI) has alleged that Greaves Electric Mobility Private Limited (GEMPL), a material subsidiary of the company, purportedly failed to adhere to “Phased Manufacturing Program Guidelines” and has proposed to deregister it from FAME India Scheme P....

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