India Expands EV Manufacturing Incentives
This is a India news story, published by Yahoo Finance, that relates primarily to EV news.
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•Tesla's Withdrawal Pushes India to Broaden EV Incentives for Existing Factories
85% Informative
India is changing its EV policy to attract foreign car makers after Tesla decided not to assemble cars in India .
New rules extend taxation incentives for EV manufacturing at existing factories and for the production of vehicles built on a different line if they meet local content requirements.
Changes are consistent with India 's intention to increase the demand for electric vehicles.
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