Symbio plans to produce 50,000 fuel cells per year by 2025.
The new subsidy shall be offered to private EV manufacturers in UP on a first come, first serve basis
The first such showroom may be set up in Delhi-NCR
The investment comes at a valuation of Rs 6,020 crore.
Xiaomi has already concluded the winter testing for its electric car and is ahead on its production schedule.
Foxconn chairman recently visited India to extend business ties in the country.