Govt eyes special plan for high-end electric vehicles

NEW DELHI: With an eye on attracting global auto giants such as Tesla in the high-end electric vehicles space, the government may put in place a phased manufacturing plan (PMP) type of scheme, which will cater to the requirements of the entire industry, while also building an ecosystem within the country.

Besides, incentives in this segment – which will meet domestic demand as well as create a base for exports – are to help develop capacity in a new segment, without affecting domestic players such as Tata Motors and Mahindra, which are investing heavily in the EV space, even as Japanese companies ply hybrids on Indian roads.