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According to a senior government official, India’s FDI rules imply that any country sharing land border with it can only invest under the government route. The policy discourages any direct investments from China .

The guidelines are expected to provide more clarity on investments in EV manufacturing in the country, which is at a nascent stage and is expected to grow into a major category within the automobile sector in the coming years.

Representatives of all the major automobile manufacturers of India including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, and Renault were present in the meeting.

States may offer incentives such as land at a concessional rate to attract foreign investments during Tesla CEO Elon Musk’s India visit later this month. | Latest News India

India Business News: Elon Musk discusses Tesla's plans to launch a manufacturing plant in India, highlighting the country's need for electric vehicles. The move aligns wit

India is now the most populous country in the world, based on population. India should have electric cars just like every other country has electric cars, Musk said in a X Spaces session

EU and India launch a matchmaking event for startups in EV Battery Recycling Technologies to enhance circularity and carbon-neutrality. The event promotes sustainable innovation and economic relations, fostering collaborations for a green and circular economy.

Tesla, a leading EV manufacturer, has started producing right-hand drive cars for the Indian market in its Berlin factory. The company is also scouting locations in India for manufacturing vehicles for the wider developing world.

Indias new EV policy allows import of electric vehicles, even from China, with import duty concessions for companies investing USD 500 million. The policy aims to kickstart four-wheeler e-car manufacturing and may lead to Chinese auto firms entering the local market.

Greater reliance on Chinese input suppliers might be inescapable, but then the prospect of India emerging as an EV-making hub would outweigh the potential downside of that.