The government is considering including R&D investments and funding for setting up dedicated EV assembly lines in existing factories under the Scheme for Manufacturing Electric Cars (SMEC). This move aims to boost local manufacturing of high-end EVs. Companies like Hyundai, Škoda-VW, and Mercedes Benz India have shown interest, with guidelines to be released soon.
from Auto-Industry-Economic Times https://ift.tt/V27op3H
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