India is set to introduce new regulations under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SMEC) to attract global EV manufacturers like Tesla. Companies investing at least $500 million in local EV production will benefit from reduced import duties for five years, helping boost domestic manufacturing and making India a key destination for electric vehicle expansion.

#ElectricVehicles #TeslaIndia #ElonMusk #AutoIndustry #EVRevolution