After Ford announced not to make EVs, withdrew from PLI, and revive its plans to shift out, Tesla has decided not to sell EVs in India, jeopardising its future plans to manufacture in India.
95 companies have been chosen for the scheme – 75 for the components part, while the ministry had already approved 20 manufacturers for the vehicles part.
There aren’t enough localised plants to meet the ever-growing demand of metal powders in India and their components so we import it from other counties.