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


© Reuters. FILE PHOTO – Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu October 4, 2012. Picture taken October 4, 2012. REUTERS/Babu

By Aditi Shah

NEW DELHI (Reuters) – Ford Motor (NYSE:) Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under the Indian government’s $3.5 billion scheme to boost clean fuel vehicles, two industry sources told Reuters.

The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles.

Ford, Suzuki, Hyundai did not immediately respond to a request for comment.

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