The company will re-enter the Indian market by reopening its Tamil Nadu plant, reversing its earlier exit strategy and focusing on global exports

The PM E-Drive scheme aims to subsidise a range of electric vehicles, like e-two-wheelers, e-three-wheelers, e-ambulances, and e-trucks but excludes cars and hybrids.

Mukesh Ambani's company is also working to manufacture batteries and has won the Centre's PLI support for this effort.

Maruti Suzuki is scaling back production amid slowing passenger vehicle demand in India during Q1 2024-25. Factors such as the Lok Sabha election, adverse weather, and a typically weak Q1 have led to rising inventories.