• It provides incentives for increase in production and sales normally in the range of 10% for additional manufacturing capacity achieved above the base number which is calculated for the same.

• For e.g. If the base production of EV for FY 2021-22 was 100,000 units which is the base year and the incentive for additional production is 10% and the production for FY 2022-23 was 130,000 units then incentives will be provided on the additional production of 30,000 units at 10% of the production cost

Advisory on setting up in India

• Whether you are planning to enter India directly or through a partner, Subsidy4India is your partner to help you navigate through the issues of compliance, subsidies, incentives and all the clearances for setting up your operations in India, be it manufacturing or setting up a research facility or even a services business. 

Do not hesitate to reach out directly to our Founder, Mr. Rajeev Surana on founders@scinnovation.in or Whats App / voice call on +91-9321477368