India, March 11 -- The Government of India issued the following news release:
Government concurs that by incentivizing manufacturers of electric vehicles (EVs), components, and charging/swapping infrastructure, many players will be drawn into the market with the prospects of long-term viability and significant future growth potential for EVs in the country. Government has taken several steps to promote adoption and strengthen electric vehicles (EVs) ecosystem in India. The details are as below:
Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto): Government approved this scheme on 15.09.2021 for Automobile & Auto Component Industry for enhancing India's manufacturing capabilities for adva...