Ford, Suzuki to get incentives under govt's $3.5 bn clean fuel scheme
The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles.
- Feb 11, 2022,
- Updated Feb 11, 2022 4:44 PM IST
Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under the Indian government's $3.5 billion scheme to boost clean fuel vehicles, two industry sources told Reuters.
The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles.
Ford, Suzuki, Hyundai did not immediately respond to a request for comment.
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Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under the Indian government's $3.5 billion scheme to boost clean fuel vehicles, two industry sources told Reuters.
The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles.
Ford, Suzuki, Hyundai did not immediately respond to a request for comment.
Also Read: What should be your debt fund strategy after RBI holds policy rates?
Also Read: Govt to ban cryptocurrencies in India? FM Nirmala Sitharaman replies