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Govt approves E-Vehicle Policy; minimum investment fixed at USD 500 mn

Govt approves E-Vehicle Policy; minimum investment fixed at USD 500 mn
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New Delhi Mar 15 (PTI): THE GOVERNMENT ON FRIDAY APPROVED THE E-VEHICLE POLICY TO PROMOTE INDIA AS A MANUFACTURING DESTINATION: and Industry Ministry said.

The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers, it added.

Under the policy, a company will be required to make a minimum investment of USD 500 million or Rs 4,150 crore. It will also be entitled to various duty


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