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Euler Motors urges India to lower PLI scheme thresholds to support small EV makers.
Euler Motors, an Indian electric vehicle start-up, is calling on the government to revise the auto Production Linked Incentive (PLI) scheme to include smaller firms by lowering revenue and investment thresholds.
The company, which has invested ₹1,500 crore and plans to add ₹500–1,000 crore more, argues that measuring investment by total capital expenditure—not just fixed assets—would better reflect contributions to EV innovation and job creation.
It produces electric cargo vehicles and employs nearly 2,000 people, urging policymakers to support emerging players in advancing India’s sustainable transportation goals.
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Euler Motors pide a la India que reduzca los umbrales del esquema de PLI para apoyar a los pequeños fabricantes de vehículos eléctricos.