INSUBCONTINENT EXCLUSIVE:
Maruti Suzuki has no near-term plan to launch EVs as it does not see volumesThe country has revised its proposed $8 billion scheme for the
mainly gasoline vehicles and their components for domestic sale and export, with some added benefit for electric vehicles (EVs).The move to
clean technologies comes as Tesla Inc is gearing up to enter India and is lobbying for lower import duties on electric cars
While the government is considering the request, it wants some economic benefit in return which could include a commitment from Tesla to
produce cars locally.Under the new proposal, India will give incentives to automakers for building EVs and hydrogen fuel cell cars only, the
"The government does not want to spend money on promoting old technologies," one of the sources said.Auto parts makers, however, will
also be cut and that the production-linked scheme, which would apply on domestic sale and exports, could be finalised as soon as
September-end.The industries and finance ministries did not immediately respond to a request for comment
clean mobility so it can reduce its oil dependence and cut pollution, while also meeting its commitment under the Paris Climate
