Tag: India: EV sales to increase electrical steel prospects- govt seeks PLI applications

A rising electric vehicle (EV) production will increase the prospects of electrical steel in India. EV sales can increase cold-rolled non-grain oriented (CRNO) demand in India by an additional 1-1.5 lakh tonnes per annum from the first year of the PLI implementation, SteelMint learnt from sources. The current demand is 3-3.5 lakh tonnes per annum…