Indian government is planning to create new rules for investment in electric vehicles (EVs) after announcing a policy in March. Auto companies from countries that share a border with India will face stricter scrutiny for their applications.
Companies already in India won't need to create new subsidiaries to apply under the policy. Tesla has not yet informed the government about its plans under the new EV policy and CEO Elon Musk cancelled his visit to India in April for "very heavy Tesla obligations".
The government is waiting for Tesla's communication. The detailed guidelines will include information on portal links and the project monitoring agency. Companies already present in India won't need to register new subsidiaries.
The EV policy, approved on 15 March, offers duty concessions to companies starting manufacturing in the country with a minimum investment of USD 500 million.
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