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Business trends

India's Modi promises policies to boost electric vehicles

Prime minister calls for investment from automakers at Global Mobility Forum

Indian Prime Minister Narendra Modi sought to assure auto industry executives at the Global Mobility Summit after critic say his government's vision for promoting electric vehicles lacks clarity.   © Reuters

NEW DELHI -- Prime Minister Narendra Modi on Friday said India will soon put in place policies to promote electric and other alternative-fuel vehicles as Asia's third-largest economy seeks to reduce air pollution and cut its oil import bills.

"Policies will be designed as a win-win for all and enable opportunities in the automotive sector," Modi said in his address to the Global Mobility Summit, a first-of-its-kind auto industry conference here attended by business leaders from around the globe.

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