India's EV Ambitions: MHI Boosts Incentives, Tackles Financing & Manufacturing Hurdles
· rediff.com
The Ministry of Heavy Industries (MHI) anticipates disbursing approximately ₹4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.
India's Ministry of Heavy Industries is significantly increasing incentives for the automotive PLI scheme, while simultaneously addressing critical financing ch...