The auto parts industry has urged the government to come up quickly with the production-linked incentive scheme (PLI) for electric and electronic part making in India to facilitate local sourcing by global vehicle makers, including Tesla.
The department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.
The government’s FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) scheme revision sees a significant increase in subsidy for electric two-wheelers. Click here to know more.