India may let foreign EV makers like Tesla test market before investing: Report

23-Feb-2025

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The Indian government is working on final guidelines for its electric vehicle (EV) manufacturing incentive scheme, and it may allow foreign carmakers like Tesla to test the market before committing to local production, The Economic Times reported.

The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SMEC), announced in March 2024, is yet to take effect.

Government officials quoted in the report said the guidelines would be finalised within the next two weeks and announced next month.