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In 50 Words: India asks e-scooter firms to refund $60m aid over Chinese imports
The Indian government has asked six domestic e-scooter startups, including major player Hero Electric, to return US$60 million in subsidies after they sourced parts from China instead of locally.
The curb on incentives is hampering growth in the e-bike sector, which is crucial for India’s green ambitions. Ola was largely unaffected by the investigations into industry players.
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