New incentive policies will promote EV component manufacturing in India

Corporate developments

The announcement of progressive incentive schemes for electric vehicle manufacturers and buyers in India presents a good opportunity for local and foreign suppliers to invest on EV component production in the country

The electromobility industry has started taking shape around the world with some countries taking a big lead, especially China, the United States and Norway. India too is now pushing hard to catch up with these leaders through aggressive incentive policies.

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