India’s electric vehicle (EV) policy, launched in March to entice companies like Tesla, anticipates positive responses from various automobile manufacturers. The policy offers duty concessions to firms investing at least $500 million in manufacturing units within the country. It allows importing electric vehicles (EVs) at reduced customs duty rates for a limited time, aiming to promote domestic manufacturing and attract investments from global EV manufacturers. Additionally, the government has secured commitments from multinational firms in the tire sector by linking import relaxations to local manufacturing commitments.