TL;DR
Indian government proposes a new policy with PLI schemes to boost domestic manufacturing of EV bike components, aiming to reduce imports and create local jobs.
The Indian Ministry of Heavy Industries is reportedly drafting a new policy aimed at significantly boosting domestic manufacturing and localization of components for electric motorcycles and bicycles. The proposed policy includes production-linked incentives (PLI) for manufacturers setting up facilities for batteries, motors, controllers, and other critical EV parts within India. The objective is to reduce reliance on imports, create local jobs, and make Indian-made EV bikes more competitive globally. Industry stakeholders have largely welcomed the move, anticipating a substantial investment inflow into the EV component ecosystem over the next few years. The policy is expected to be finalized and implemented by early next year.