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Ford, Suzuki to get incentives under India’s $3.5 billion scheme for clean fuel vehicles -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Workers build cars at the Hyundai Motor India Ltd. factory in Kancheepuram, Tamil Nadu on October 4, 2012. Picture taken October 4, 2012. REUTERS/Babu

Aditi Sharma

NEW DELHI (Reuters) – Two sources in the industry told Reuters that 20 companies will receive incentives under India’s $3.5B scheme to promote clean fuel vehicles.

Last year, the federal cabinet approved a plan to boost production of hydrogen- and electric fuel-powered automobiles.

Ford Suzuki, Hyundai and Hyundai have not yet responded to my request for comment.

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