Ather Defers INR 26 Cr Incentive Submission Claims

Ather said that it deviated from the manufacturing guidelines prescribed under the PM E-DRIVE scheme and PMP due to the ban on exports of certain categories of heavy rare earth magnets by China

The company said that it is currently in discussions with the heavy industries ministry for a temporary exemption from domestic fitment of magnets under PMP requirements

The company said it has developed a heavy rare earth-free motor and has also received a CMVR certificate from the…