India To Expand EV Manufacturing Incentives: What It Means for Automakers?

India is revising its electric vehicle (EV) policy to encourage more global automakers to invest in local production. Originally aimed at attracting Tesla, the revamped policy now extends benefits to companies using existing factories, provided they meet investment and local sourcing criteria. With tax reductions and a $500 million investment threshold, this move aims to boost EV manufacturing and drive sustainable mobility in India.

In this video, we break down the policy changes, the reactions from automakers like Toyota, Hyundai, and Volkswagen, and what this means for India’s EV future. Watch to find out more! For more such content, keep following BWTV and BW Businessworld.

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