Initiatives taken by Government of India with respect to Automobile Industry

Initiatives of Government of India for Automobile Sector in 2021 In February 2021, the Delhi government started the to set up 10O vehicle battery charging pro points across the state to push adoption of electric The Government of India vehicles. has encouraged foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI) under the automatic route. In July 2021, India inaugurated the national automotive t:est tracks In Union Budget 2021-22, the government introduced the voluntary vehicle scrappage policy, which is likely to boost demand for new vehicles after removing (NATRAX), which is Asia's longest high-speed track to facilitate automotive testing. old unfit vehicles. The Government aims to develop India as a global manufacturing centre and a Research and Development The Indian government has planned ~US$ 3.5 billion in incentives over a five-year (R&D) hub. period until 2026 under a revamped scheme to encourage production and export of clean technology vehicles. In September 2021, the Union Minister for Road, Transport and Highways, Mr. Nitin Gadkari announced In September 2021, the that government is planning to make it mandatory for car manufacturers to produce flex-fuel engines after getting the required Indian government issued notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crores. permissions from the Supreme Court of India. www.myraasta.in