India's Central Bank Weighs Lower Interest Rates for EVs: ET

India’s central bank is mulling categorising loans to purchase electric vehicles under its priority lending programme in a bid to boost sales, The Economic Times reported.

If the proposal is accepted, it will help the segment get credit at lower interest rates. These loans are currently given under the auto retail category.

Read the full report: The Economic Times.

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Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.