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The Centre is planning to formulate a new comprehensive electric vehicle policy for foreign players to attract more investments into production, trade and infrastructure.
Piyush Goyal's comments come as U.S. EV maker Tesla continues talks with Narendra Modi's administration on the possibility of building a factory in India. Reuters last month reported that India was working on EV policy that would cut import taxes for automakers that committed to some local manufacturing, citing sources with direct knowledge of the matter.
Piyush Goyal's comments come as U.S. EV maker Tesla continues talks with Narendra Modi's administration on the possibility of building a factory in India. Reuters last month reported that India was working on EV policy that would cut import taxes for automakers that committed to some local manufacturing, citing sources with direct knowledge of the matter.
According to Reuters report earlier, the Indian government is planning a policy that could allow the import of EVs at a tax of as low as 15 percent. Sitharaman, however, said no such proposal has been tabled before her.
The new version of Delhi's electric vehicle (EV) policy is stuck following the dismissal of advisors, consultants and fellows in the transport department, including those in the Delhi Electric Vehicle Cell, while stakeholders have favoured incentives to encourage the use of EVs. The previous policy ran until August 8 and has been extended until a replacement is finalised.