India to expand EV policy for other automakers after Tesla doesn't turn up: Report
The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the report, the policy was originally designed to attract Tesla to the Indian market and manufacture locally which did not happen. Foreign automakers like Toyota and Hyundai have shown interest in making EVs in India, the report said, adding that the newly altered policy may encourage them further. The new changes to the policy will include EV investments at existing factories that build internal combustion engines and hybrid cars, but the electric models must be built on a separate production line and meet local sourcing criteria.
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