India has officially launched a new policy aimed at promoting the manufacturing of electric vehicles (EVs) within the country, marking a significant step towards becoming an EV manufacturing hub. The policy, approved by the Modi government, allows EV manufacturers to import up to 8,000 EVs per year and mandates a minimum investment of over 4,000 crore rupees. This move is expected to open doors for global companies like Tesla and VinFast to make inroads in India, as highlighted by brokerage firms such as Investec and Kotak. Furthermore, the policy is designed to attract investments in the EV space, providing Indian consumers with access to the latest technology, boosting the 'Make in India' initiative, strengthening the EV ecosystem, reducing crude oil imports, and cutting down on air pollution.
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Brokerage Radar | Nomura on EV Policy says, "Positive for suppliers, no impact on local OEMs" @Nomura https://t.co/9aHzgxqkVy
Ex-Ford CEO warns of "real financial trouble" for EV startups as adoption takes longer than expected. https://t.co/jJeSfvrEfb
EV Policy is designed to attract investments in EV space, thereby providing Indian consumers with access to latest tech, boosting #MakeInIndia initiative, strengthening EV ecosystem, reducing imports of crude oil imports, & reducing air pollution. Click https://t.co/CI1DGCav0t https://t.co/xDMoM8rRO9
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With the auto industry entering a period of once-in-a-century transformation with the advent of Chinese automakers, a sense of uegency over lagging behind in the EV market pushed the two firms to consider joining forces. https://t.co/1Ymcs2SZxn
Tesla has chance to ‘grow their market share even more’ thanks to EV startups faltering and legacy automakers focusing on hybrids. https://t.co/wnRj2Rpwuh
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India rolls out new EV policy to promote domestic manufacturing; minimum investment of a little over four thousand crore rupees is mandated #EV #EVPolicy https://t.co/6VBhd6GxRk
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Brokerage Radar | Kotak on EV Policy says, 'Government approves policy to foster India as a manufacturing hub for EVs" @KotakBankLtd https://t.co/iPcvsThXCA
Brokerage Radar | Investec on EV Policy says, "New EV policy opens door for global companies like Tesla, VinFast to make in-roads in India" @Investec https://t.co/dXVwFa57nw
India on a highway to becoming E-Vehicle manufacturing hub🚕 🔹E-vehicle policy approved 🔹EV manufacturers allowed to import upto 8,000 EVs per year @PMOIndia @MHI_GoI @MORTHIndia @nitin_gadkari @DrMNPandeyMP @ianuragthakur @Murugan_MoS @PIB_India @airnewsalerts @DDNewslive https://t.co/NfkZpR2gQm
𝐌𝐚𝐫𝐜𝐡𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐚 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐟𝐮𝐭𝐮𝐫𝐞! Modi government approves the e-Vehicle (EV) policy to transform India into a manufacturing hub for EVs. https://t.co/Uj6KxonV2K
India Tonight | India's EV push: Bid to boost e-vehicle manufacturing What could this policy mean for Tesla and other companies? Arun Malhotra, Gaurav Vangaal and Sai Giridhar discuss @VikramOza @ArunMalhotra_07 @SaiGiridhar_Jpr https://t.co/THiCAfeyd1