Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Daily Current Affairs   /   Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Change Language English Hindi

Category : National Published on: March 19 2024

Share on facebook
  • The Indian government has approved an E-Vehicle policy aimed at positioning India as a manufacturing hub for electric vehicles (EVs) by attracting investments from global EV manufacturers.
  • The policy mandates a minimum investment of Rs 4150 crore with no maximum limit, encouraging substantial capital infusion into the EV manufacturing sector.
  • To ensure rapid establishment of manufacturing facilities and commercial production of EVs, companies are given a timeline of 3 years. Additionally, they must achieve a 50% domestic value addition within 5 years, promoting localization and indigenous production capabilities in the EV ecosystem.
Recent Post's

  • The 7th National Sub-Junior Boxing Championship was inaugurated by Union Minister Nitin Gadkari in Nagpur with nearly 600 young boxers participating.

    Read More....

  • Researchers discovered the first freshwater fish fossils in the Shivalik foothills near Mohand, Dehradun, dating back 4.5 million years.

    Read More....

  • A 16-year-old Juang tribal girl from Odisha has influenced her village to rethink practices related to child health and child marriage.

    Read More....

  • The 128th Enforcement Task Force meeting under CAQM was held to review measures for controlling air pollution in Delhi-NCR.

    Read More....

  • Murali Sreeshankar won the men’s long jump at the Indian Athletics Series 2026 with a leap of 8.15 metres at Kanteerava Stadium.

    Read More....

  • The Gujarat High Court has banned the use of Artificial Intelligence in judicial decision-making, drafting judgments, or assisting in judicial reasoning.

    Read More....

  • Sadhana Saptah 2026 was launched from 2 to 8 April 2026 under Mission Karmayogi to strengthen citizen-centric governance.

    Read More....

  • The Income Tax Department launched ‘Kar Saathi’, an AI-powered platform to simplify tax filing and provide 24×7 assistance to taxpayers.

    Read More....

  • At Chetak Screen Awards 2026, film Dhurandhar bagged 14 awards while Homebound won the Best Film award.

    Read More....

  • The National Statistics Office launched the first Annual Survey of Incorporated Services Sector Enterprises (ASISSE) for 2024-25.

    Read More....