Скачать или смотреть Biggest Fraud in Electric 2 wheeler industry by Hero Electric

The allegations of fraud by Hero Electric has also brought forward the fact that Hero Electric is simply importing Chinese scooter in India and selling them after putting its own sticker on the chinese electric scooters. ci made by Indian national congress put Hero electric out from the room.
Hero Electric has been siphoning subsidies of Rs 400 crore under the country’s faster adoption and manufacturing of electric vehicles (FAME-2) Scheme. A written complaint sent on April 12 2022 to cabinet minister Nitin Gadkari by chartered accountants, Akash Sharma and Hiren shah lists several other financial regularities. It says that FAME 2 is a central government-funded electric vehicle subsidy for the promotion of the sales of domestic manufacturing of Electric vehicles.
This is actually a major violation of the PMP norms as the deadline for imports of fully assembled lithium batteries has expired quite some time ago in 2019 and Hero Electric Pvt Ltd has neither constructed any in house battery making factory nor purchased these lithium ion batteries from Indian battery manufacturing companies.
About 1,45,000 DC motors and Rs 200 crore worth of mechanical and lighting parts of electric scooters have been imported from China by Hero Electric within 11 months of fiscal year 2021-2022 and this is complete violation of the PMP norms for electric vehicles subsidies..
Being the oldest electric two wheeler company in India, the onus lies majorly with Hero Electric Vehicles Pvt ltd to come out clean on this subject.
Prime Minister Narendra Modi is acting tough on lot of companies that at defrauding and looting people and evading taxes. Modiji should take take action on hero Electric so that the tax payers money that Hero electric has usurped by way of subsidies should come back to the government.
The scooters sold by Hero Electric resemble to the scooters being sold by Alibaba.com, a chinese ecommerce site.

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