The Indian government is actively engaging with international car manufacturers in preparation for its upcoming electric vehicle (EV) policy. The government is designing this policy to promote investment and manufacturing in the EV sector. Discussions include participation from Italian, Korean, and Indian carmakers, emphasizing an inclusive approach.
Policy Launch Timeline:
While the official did not provide a specific timeline for the launch of the new EV policy, the overarching goal is to boost EV manufacturing and attract investments. This aligns with the government’s broader strategy to foster a conducive environment for the growth of electric vehicles in the country.
The consultations highlight the government’s efforts to involve various stakeholders, both global and domestic, in shaping the EV policy. The collaborative approach aims to ensure that the policy is beneficial for all parties involved, fostering a thriving EV ecosystem.
Engagement with Tesla:
India is actively discussing with EV giant Tesla to establish a manufacturing base in New Delhi. Expectations are that this strategic move will significantly contribute to the development of a robust EV ecosystem within the country. Similar strategies have proven successful in the mobile manufacturing sector with Apple.
Commerce Minister’s Statement:
In September, the Union commerce minister indicated the country’s intention to introduce a new policy. This policy aims to attract electric vehicle manufacturers and encourage substantial investments in the EV sector. The ongoing consultations represent a crucial step in shaping the policy framework.
This comprehensive approach underscores the Indian government’s commitment to positioning itself as a key player in the global electric vehicle landscape. Anticipated upcoming EV policy is expected to play a pivotal role in shaping the future of electric mobility in the country.