India Stands Firm on EV Policy: No Special Treatment for Tesla, Says Amitabh Kant

Former NITI Aayog CEO Amitabh Kant asserts India's commitment to its EV policy, emphasizing no special treatment for Tesla.

  • Former NITI Aayog CEO Amitabh Kant asserts India’s commitment to its EV policy, emphasizing no special treatment for Tesla.
  • Kant’s statement follows speculation over Tesla’s potential entry into the Indian market and Elon Musk’s cancelled visit.
  • India’s EV policy includes investment thresholds, domestic value addition mandates, and import concessions, designed to attract investments in domestic manufacturing.

Former NITI Aayog CEO Amitabh Kant has reiterated India’s stance on its electric vehicle (EV) policy, stating that the country will not tailor its regulations to accommodate specific companies, including Tesla. Kant’s statement comes amid speculation surrounding Tesla’s potential entry into the Indian market, fueled by CEO Elon Musk’s planned visit to India in April, which was ultimately cancelled.

India’s comprehensive EV policy aims to attract investments in domestic manufacturing and expects all companies to adhere to its guidelines, without making exceptions for individual companies. Key aspects of the policy include minimum investment thresholds, domestic value addition mandates, and import concessions, aimed at promoting local manufacturing.

Amitabh Kant acknowledged the significant transformation underway in the automotive industry due to the global shift towards sustainable transport. He highlighted the government’s commitment to accelerating the pace of electric vehicles, citing substantial allocations for procuring electric buses as a catalyst for growth in the electric vehicle manufacturing sectors. With India standing firm on its EV policy, the automotive landscape is poised for further development, promoting sustainability and innovation.