misappropriation of incentives

India's Avon Cycles Ltd has denied any wrongdoing in a scheme granting subsidies to vehicle manufacturers to boost the sale of electric vehicles (EV), after the government said the company was among those being investigated for…

India is investigating the possible misappropriation of incentives given to electric vehicle (EV) makers under a ₹100 billion ($1.21 billion) programme to promote their faster adoption, the Minister for Heavy Industries told Parliament on…