Indian state Karnataka offers 15% capital subsidy to investors in EV sector

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Policy & Regulation

Government will also offer a production linked incentive of 1% of turnover for a period of five years from the first year of commercial operations

The Cabinet of India’s Karnataka State Government has decided to offer 15% capital subsidy to investors in electric vehicle (EV) sector, according to a report by ET Auto on 27 May 2021

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