India’s New Policy to Boost Electric Vehicle Production

The Indian government approved a policy on March 15 to promote the country as a manufacturing hub for electric vehicles (EVs). The policy aims to attract global EV manufacturers to invest in India and manufacture locally. It includes a minimum investment cap of ₹4,150 crores and targets localizing production with an annual EV car sale goal of 30% by 2030. The move is set to boost Make in India initiative and reduce air pollution.

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