https://www.taxtmi.com/news?id=30561 India seeks to become a global mobility hub by strengthening domestic manufacturing through the Make in India initiative and Performance Linked Incentive schemes, which aim to boost sales, create jobs and attract foreign direct investment across the automotive value chain. The policy emphasizes green propulsion technologies-notably electric vehicles, hydrogen and biofuels-alongside infrastructure and vehicle scrapping incentives to accelerate fleet renewal and EV adoption, while relying on large domestic demand and rising middle-class purchasing power to sustain long-term market expansion. en-us Fri, 17 Jan 2025 15:16:03 +0530 Fri, 17 Jan 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30561 India seeks to become a global mobility hub by strengthening domestic manufacturing through the Make in India initiative and Performance Linked Incentive schemes, which aim to boost sales, create jobs and attract foreign direct investment across the automotive value chain. The policy emphasizes green propulsion technologies-notably electric vehicles, hydrogen and biofuels-alongside infrastructure and vehicle scrapping incentives to accelerate fleet renewal and EV adoption, while relying on large domestic demand and rising middle-class purchasing power to sustain long-term market expansion. News - Fri, 17 Jan 2025 15:16:03 +0530 https://www.taxtmi.com/news?id=30561