India's Government Pushes to Develop Electric Vehicle Industry, an Industrial Info Market Brief

The Indian government's alluring tax benefits and policies are helping to build the nation's electric vehicle industry. Toyota Motor Corporation plans to introduce a compact electric car in India in the next few years in alliance with Suzuki Motor Corporation. MG Motor expects to roll out an affordable electric sports utility vehicle by 2022-23 and plans to invest about $700 million in India by 2025.

Industrial Info is tracking electric vehicle projects worth $1.54 billion in India.