India aims to bring in potential investors from Germany, UK and Korea under new EV policy

With an objective to benefit Indian carmakers, India aims to bring in potential investors from foreign countries, including Germany, Britain and South Korea under its new electric vehicle (EV) policy.

“Talks are underway and we aim to bring all countries on board,” the official said, without giving a timeline on the launch of the new policy. The policy will also aim to benefit Indian carmakers. It should be for everyone,” an Indian government trade official told Reuters on Thursday.

India’s commerce minister had said in September that the country would come up with new policy to attract electric vehicle manufacturers and encourage greater investment in the sector.

With inputs from agencies.

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