· Electronics & Manufacturing · Source: m.economictimes.com

India may tweak e-car manufacturing SOP scheme to woo global firms

India is considering revamping its electric passenger car manufacturing scheme (SPMEPCI) to attract global EV makers, as the upcoming India-EU FTA may offer tariff cuts on imported vehicles. Officials are exploring direct incentives beyond import duty concessions after the scheme failed to receive applications, with automakers citing policy uncertainty and investment challenges.

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