Indian electric car industry gains a hike through MNRE incentive scheme

The much awaited incentive plans from MNRE (Ministry of New & Renewable Energy) are being declared and it has directly affected the Indian Electric Vehicle Industry. The scheme is announced for all electric vehicles in India.
The scheme dictates that all Electric Vehicle manufacturers will be entitled to financial incentives from the Government of India for each electric vehicle sold by the company. The incentive will reach up to 20% on exâ