Centre’s new electric vehicle policy is open to all companies

The Center plans to enable all companies, including existing automakers, to make greenfield investment commitments under the recently announced electric vehicle (EV) policy, a senior government official said on Friday.

This will be clarified and announced as part of the detailed guidelines that the Ministry of Heavy Industry is finalizing. “The

The second round of sector consultations will begin,” the official said.

The comment comes almost a month after US-based EV major Tesla’s Elon Musk canceled plans to meet Prime Minister Narendra Modi citing “very heavy Tesla commitments”. His visit is postponed until later this year.

First print: May 18, 2024 | 12:28 pm IST