India Ev Policy: EV concessions for Chinese firms like BYD in India face obstacles due to national security concerns and FDI requirements under the new policy. The GTRI report warns of potential large-scale entry of Chinese auto firms in the local market.
Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.
Skoda India: Petr Janeba s comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment. Skoda leads the Volkswagen Group’s strategy in India. The VW Group comprises Skoda, VW, Porsche, and Audi, among other brands.
Petr Janeba s comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment. Skoda leads the Volkswagen Groups strategy in India. The VW Group comprises Skoda, VW, Porsche, and Audi, among other brands.
India is attracting EV players amid Beijing-Washington tensions. The government rolled out production-linked incentives for advanced chemistry cells and components. The UK seeks customs duty concessions on EV exports to India. The Economic Survey 2022-23 estimates India s EV market will create five crore jobs by 2030. Tata Motors is a leading player in passenger EVs.