India to Locally Produce Electric Vehicle Batteries, Says PM Modi

During his Independence Day address, Prime Minister Modi highlighted India’s commitment to domestic manufacturing, specifically in the burgeoning electric vehicle market. The government plans to establish local production of electric batteries, signifying a major advancement in the country’s EV capabilities. The Prime Minister emphasized the importance of indigenous production of all necessary EV components. He cited the significant growth in the EV sector, with sales increasing dramatically over the past decade. This move aligns with India’s ambition to become a major global economic power and a leading player in the automotive industry.