PM pins hope on 8-fold growth in EV sales; urges investment in auto sector

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PM pins hope on 8-fold growth in EV sales; urges investment in auto sector - Business Standard

Quick Summary:

In the last four years, FDI in the auto sector was to the tune of $36 billion, which Modi said is expected to increase further in the coming years.

In last year's budget, more than Rs 11 trillion was allotted for infrastructure development," he added.2025 is poised to be a landmark year for EV launches.

The Prime Minister also highlighted the scope for passenger cars in the country."We are in the third position in the world when it comes to the passenger vehicle market...