View: Oops, wrong Hyundai. India’s industrial policy misfires — again

July 20, 2023

It took a public notice from Hyundai Motor Co. — asserting that the successful bid by Hyundai Global Motors had nothing to do with it — for bureaucrats to realize that they had backed the wrong horse. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm.

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