India EV policy to help global car companies expedite investment decisions: Skoda senior executive

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Mumbai: Indias recently announced electric vehicle policy will help global carmakers expedite decisions on investing in manufacturing EVs in the country besides allowing brands gauge customer response to premium EV models in a value conscious market, said a senior executive at the local arm of Czech carmaker Skoda Auto...

Speaking to ET, Petr Janeba, brand director, koda Auto India said the policy will make high-end EVs more popular in the Indian market as there will be a lot of variety to choose from...

The Volkswagen (VW) Group is committed to invest in India, so any such policy will help in expediting the decisions..

His comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment..

To be sure, Skoda, which has been present in India for about 24 years, has a lot riding on the yet-to-be- be-named compact SUV in its bid to transition to a mainstream brand from a niche one...