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

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Industry Segment: Market Brief | Word Count: 90 Words
Attachment: EV India

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.

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