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Indian EV startups criticize auto PLI scheme for excluding them due to high revenue requirements.
Indian electric vehicle startups Ather Energy and Euler Motors criticize the government’s auto PLI scheme for excluding new companies by requiring a high revenue threshold.
They argue this creates a cost disadvantage for innovation-driven firms compared to established automakers.
Critics say the policy favors legacy manufacturers over emerging ones, risking India's electric mobility growth, though the government maintains the scheme is not designed for startups.
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Las startups indias de EV critican el esquema de auto PLI por excluirlas debido a los altos requisitos de ingresos.