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India Targets $25.6 Billion Investment to Develop Core EV Technology

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India is making a major push to build homegrown electric vehicle technology with an estimated $25.6 billion investment drive. The initiative aims to reduce the country's dependence on imported EV components and strengthen domestic manufacturing capabilities. This comes as India's EV market sees strong momentum, with electric vehicle sales crossing 2 million units in the financial year 2024-25. The strategy focuses on developing core technologies that currently rely heavily on foreign supply chains.

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