States Now Can Offer Incentives Under The Centre's Latest EV Policy To Attract Investments

Brief by Shorts91 Newsdesk / 08:32am on 12 Apr 2024,Friday India

States compete to attract Tesla during Elon Musk's India visit. While the central government maintains a broad EV policy, states may offer perks like cheap land to entice foreign investment. Western and southern states, including Gujarat, Maharashtra, and Tamil Nadu, are vying to host Tesla's manufacturing hub, given their coastal advantage. Tesla plans to introduce right-hand drive cars for the Indian market, starting production in its Berlin facility. This competition reflects a push to improve the business environment and secure significant investments, signaling a promising opportunity for economic growth and EV development in India.

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