New Delhi, Feb. 21 -- India is set to unveil detailed guidelines for its electric vehicle (EV) manufacturing incentive scheme next month, offering global automakers, including Tesla, a flexible pathway to enter and invest in the Indian market.

The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SMEC), first announced in March 2024, aims to bolster EV production and attract significant foreign investment.

Officials revealed that the upcoming guidelines will include an "on-tap" facility, enabling companies to explore the market before committing to full-scale local manufacturing.

This move is expected to benefit companies like Tesla, which is currently scouting for showroom spaces and recruiting staff in India but ha...