The Indian government has revealed a new electric vehicle policy attracting European car manufacturers. Skoda, Volkswagen, Mercedes, Kia, and Hyundai have expressed interest in manufacturing and investing under the new EV scheme. The policy offers reduced import duties for companies investing in India. Tesla, however, is reportedly only interested in setting up showrooms without manufacturing in India. The government has stated that the portal for applying for investments will open shortly, with a 120-day window.
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