New Delhi, April 30 -- The Indian government is set to release guidelines for its new electric vehicle (EV) policy in the coming weeks, paving the way for the policy to become fully operational in the next few months.
Highly-placed sources indicate that some EV manufacturers have urged the government to include investments in existing facilities or brownfield projects under the policy's definition of eligible investments. Currently, the policy only considers new greenfield plants, reported businessline.
The EV policy, approved on March 15th, aims to establish India as a global manufacturing hub for electric vehicles. It incentivises companies to set up local production by allowing limited duty-free imports initially.
However, they mus...