Automobiles - Reforms - Make in India - New EV Policy for Passenger Cars - Potential Tesla Entry into India?

Policy Highlights:
- Focus on boosting domestic EV manufacturing capabilities.
- Value addition (DVA) requirements to be assessed in line with the PLI-Auto scheme for automobiles and components.
- Eligible investments include R&D, EV charging infrastructure development, and local manufacturing.

Upcoming Consultation:
- Global EV leaders (Tesla, Hyundai, BMW, Mercedes-Benz, Kia, Toyota, etc.) and Indian automakers (Tata, Maruti Suzuki, Mahindra & Mahindra) are expected to participate.
- Discussions will address key issues to ensure clarity on revised guidelines and investment qualifications.

Government hopes the revised policy will encourage Tesla to re-engage and expand its footprint in India.