Mumbai, March 16 -- The Government of India announced the electric vehicle policy recently. The Automotive Component Manufacturers Association of India congratulated the government for the move.

"The EV Policy marks another significant step towards accelerating the adoption of cutting-edge technology and fostering innovation in India's automotive sector. The policy not only aims to attract global EV majors to invest in India but also emphasizes a significant Domestic Value Addition (DVA) criteria, ensuring the creation of a robust supply-side ecosystem. Aligned with the Government's vision of reducing our carbon footprint, promoting sustainable manufacturing, and achieving net-zero emissions by 2070, this policy sets the stage for a vibr...