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'Tesla scheme' may continue as India’s EV chase sputters
Mint Hyderabad
|October 15, 2025
In June, the Centre notified guidelines for the scheme and opened the investment window
The scheme aims to promote manufacturing of electric passenger cars in India.
With no global automaker showing interest so far in India’s flagship plan to promote electric car manufacturing, the government is considering extending the scheme’s 21 October deadline, two people aware of the matter said on the condition of anonymity.
The likely extension to the scheme, often called the Tesla scheme for its attempt to attract the US-headquartered electric vehicle (EV) giant to India, lays bare the difficulty of converting policy ambition and generous tax breaks into firm investment commitments.
This story is from the October 15, 2025 edition of Mint Hyderabad.
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