India explores policy changes to support existing investments in EVs under SMEC.
India is considering policy changes to support automakers with existing investments in EVs. The current Scheme for Manufacturing of Electric Cars (SMEC) only supports fresh investments, but consultations are underway to include existing investments and plants producing both internal combustion engines and EVs. This move aims to address concerns raised by carmakers and make large investments more viable for automakers.
July 08, 2024
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