India to give $3.5 billion in revised clean tech scheme for automakers - sources

FILE PHOTO: Traffic moves on a smoggy morning in New Delhi, India, October 23, 2020. REUTERS/Danish Siddiqui/File Photo

NEW DELHI (Reuters) - India will give about $3.5 billion in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters.

The government's original plan was to give about $8 billion to automakers and part manufacturers to promote mainly gasoline technology, with added benefits for electric vehicles (EVs).