India, March 18 -- India has opened the gate inviting global electric vehicle manufacturers to set up facilities in the country as the Centre aims to become global hub for electric cars in near future. Prime Minister Narendra Modi recently said the new EV policy, introduced last week, will help to boost local manufacturing within the next five years. The electric vehicle segment in India, which contribute around two per cent of overall vehicle sales, is still much smaller compared to markets like China, Europe and United States. With foreign carmakers expected to queue up soon, India is likely to see several global brands launch their products in the country.

Foreign EV makers that are already selling electric vehicles in India include l...