Concerns Rise of Chinese Capture of India’s EV Market Because of New Policy

Concerns are rising in India’s automobile industry over the government’s recently introduced new electric vehicle manufacturing policy. The policy is perceived as an aim to make companies like Tesla to start manufacturing in India, but it has also given rise to concerns that it will be inimical to the interests of Indian manufacturers.The policy brings in a sharp reduced rate of 15% customs duty
Concerns are rising in India’s automobile industry over the government’s recently introduced new electric vehicle manufacturing policy. The policy is perceived as an aim to make companies like Tesla to start manufacturing in India, but it has also given rise to concerns that it will be inimical to the interests of Indian manufacturers.The policy brings in a sharp reduced rate of 15% customs duty
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