Hero Electric is one of the prominent names in the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) subsidy default investigation of the Centre. SOHINDER GILL, chief executive officer, Hero Electric, in conversation with Nitin Kumar, says a year may have been lost, but it’s a learning nonetheless. Edited excerpts:
Hero Electric is in the Ministry of Heavy Industries’ line of fire over FAME subsidy default for localisation issues. Why is the resolution taking longer?
A solution is close at hand. Directionally, whatever has been the solution given by the ministry in other cases has broadly been the direction our solution will be leaning on. This is on the basis that the policy cannot be seen as cast in stone; it has to be flexible with practical difficulties on the ground.
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