Government greenlights EV policy to propel India as manufacturing hub

A mandated investment of Rs 41,500 crore aims to attract capital infusion into the EV sector, fostering growth and development.

Source: Pexels

Customs duty exemptions for manufacturers establishing domestic facilities incentivise localisation efforts, supporting the policy's objectives.

Source: Pexels

The entry of global giants like Tesla and Vinfast could reshape India's EV landscape, intensifying competition and driving innovation.

Source: Pexels

Domestic OEMs are urged to invest in advanced technologies to compete effectively in the evolving EV market, ensuring competitiveness and growth.

Source: Pexels

With a surge in global OEM interest, India's EV sector is poised for exponential growth, offering significant opportunities for stakeholders.

Source: Pexels