India's new EV policy aims to draw global investors, fostering inclusivity for domestic carmakers and signalling a major push towards sustainable transportation
India is actively engaging with potential investors from Germany, the United Kingdom, and South Korea as part of its latest electric vehicle (EV) policy, according to statements from an Indian government trade official.
The official, speaking to reporters, highlighted ongoing discussions with the aim of garnering support from these nations. However, no specific timeline for the policy's launch was disclosed.
Emphasising inclusivity, the official noted that the policy's objectives extend beyond attracting foreign investment and will also benefit domestic car manufacturers. "It should be for everyone," the official stated.
This initiative aligns with the earlier announcement made by India's commerce minister in September, expressing the country's commitment to formulating a new policy.
The overarching goal is to attract electric vehicle manufacturers and stimulate increased investment in the burgeoning sector.