India is developing EV policy guidelines with incentives for import licenses, attracting potential investments from Tesla.
India is developing detailed guidelines for the EV policy, with a second consultation round expected shortly. The government aims to attract investments by offering incentives for import licenses under the policy, with no requirement for existing companies to register new subsidiaries. Tesla, which has yet to communicate its India plans, may also take advantage of the policy's import duty regime by investing in new production capacity.
May 17, 2024
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