India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country's secretary of the Department of Promotion of Industry and Internal Trade."It involves concessional tariffs for limited volumes of imports by global EV manufacturers, linked to ironclad commitment by them to invest in India a minimum of $500 million," Rajesh Kumar Singh, told CNBC's Sri Jegarajah.While much of the "buzz has been around Tesla," Singh added, the initiatives will also attract other foreign automakers, highlighting that Vietnam's leading EV maker "VinFast has already announced its intent."
India is confident that its new electric vehicle policy measures...
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