passenger EV e4w scheme guidelines issued 500 million usd or 4150 crore inr min investment commitment in 3 years march 15 2026 last date to apply mercedez benz skoda Hyundai kia interested


The Narendra Modi government has issued guidelines on a scheme inviting investments of a minimum of Rs 4,150 crore ($500 million) from global electric vehicle players to produce in India. The last date to apply for the scheme is March 15, 2026. Until now, companies like Mercedez Benz, Kia, Hyundai and Skoda have shown interest in the scheme, whereas Tesla has appeared keen on only opening its showrooms in the country.

passenger EV e4w scheme guidelines issued 500 million

The last date to apply for the scheme is March 15, 2026, according to an official communication. | Representational image



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Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

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