Ola Electric To Refund EV Charger`s Cost To Customers, Here`s Why

Ola has decided to reimburse the cost of chargers to all the eligible customers; however, the electric vehicle manufacturer refrained from revealing the amount of the refund.

Ola Electric on Thursday said it will reimburse its buyers of electric scooters the cost of chargers. In a statement on Twitter, the company said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest groups, like the recent narrative on charger pricing.

"As a leader of the industry, we remain committed to putting our customers first. Therefore, setting aside the technicalities and as an example for others to follow, we have decided to reimburse the charger monies to all eligible customers," it stated.

This move will not only demonstrate the company's commitment to the EV revolution but also serve to strengthen trust and add more value for the customers, the company noted. Ola did not provide the details regarding the amount it planned to reimburse. Earlier reports, citing government officials, had pegged the amount to be around Rs 130 crore.

On Wednesday, TVS Motor Company announced that it will refund around Rs 20 crore as a goodwill benefit scheme to customers who have paid over and above the threshold limit fixed under the FAME scheme.

Last week, the government sent notices to Okinawa Autotech and Hero Electric for debarment from the FAME-II Scheme and sought the recovery of incentives claimed since FY20 after the two companies were found to be violating localisation norms under the scheme.

Based on anonymous emails, the government has recently re-opened audits for 2020 and 2021, where all companies were importing certain components which weren't manufactured in India.

The FAME II (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) scheme commenced on April 1, 2019, for a period of three years, which was further extended for a period of two years up to March 31, 2024.

The total outlay for FAME Scheme Phase II is Rs 10,000 crore. The scheme is exclusively for public and commercial transport in the segments of electric three-wheelers (e-3W), electric four-wheelers (e-4W), and electric buses.