Center plans to extend incentives to automakers that build models in existing factories

The EV policy, which is still being finalized, was originally aimed at encouraging Tesla to venture into the Indian market.

Other foreign automakers have expressed interest in manufacturing electric vehicles in India at existing and new factories.

In a bid to boost electric vehicle production in India, the Center plans to extend incentives to automakers. build models at existing factories, Reuters reported.

It is pertinent to note that the electric vehicle policy, which is still being finalized, was originally aimed at encouraging Tesla to venture into the Indian market and manufacture vehicles locally.

Other foreign automakers have expressed interest in manufacturing electric vehicles in India at existing and new factories, according to minutes of a meeting with India’s heavy industries ministry seen by Reuters.

(Story will be updated soon)