Only 6 out of 46 EV models make cut for PLI scheme
NEW DELHI: The China factor continues to weigh heavily on India’s emerging electric car market as the domestic supply chain for green cars is inadequate in key areas such as batteries, semiconductors and magnets.
Consider this: of the 46 EV models sold in the country, only six – around 13% – have been found eligible for benefits under the production-linked incentive (PLI) scheme of govt as they meet the domestic value-add (DVA) mandates.
