With the disengagement process unfolds, India weighs the impact of potential Chinese investments on its EV startups amidst a backdrop of rising trade tensions and competition
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The company will be eligible for incentives between 13 to 18 per cent under the PLI scheme for a maximum of five consecutive fiscal years
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The funds will be used for repayments of debt, overdue, capital expenditure, and marketing
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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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