The Centre plans to permit all firms, together with current automakers, to make greenfield funding commitments below the not too long ago introduced electrical car (EV) coverage, a senior authorities official stated on Friday.
This shall be clarified and introduced as a part of the detailed tips which can be being finalised by the heavy industries ministry. “The
second spherical of trade consultations will begin,” the official stated.
The remark comes near a month after US-based EV main Tesla’s Elon Musk canceled plans to fulfill Prime Minister Narendra Modi stating “very heavy Tesla obligations”. His go to shall be delayed to later this 12 months.
First Printed: Could 18 2024 | 12:28 AM IST
