India, May 21 -- Months after announcing plans to tweak India's existing electric vehicle (EV) policy to attract more global players, the Centre is gearing up to issue draft guidelines on the upcoming revised policy for EV makers. The Ministry of Heavy Industries is expected to meet stakeholders within a couple of months to give the EV policy its final shape. In March, the Centre had said it will revise the existing EV policy which will incentivise foreign electric vehicle manufacturers for setting up facilities in India and using local resources or commit a minimum investment plan. The move is seen to attract global EV giants like Tesla to enter the Indian EV market.

The upcoming EV policy will revolve around the new Scheme to Promote M...