SMEV said the domestic supply chain for "critical powertrain components" of EVs will come up only if there are enough such vehicles on the road.
The Paris-based global agency will look at demand and supply scenario of all fuel sources India relies on
Sources said that the Centre would "soon engage an expert entity" to steer through the entire process.
The digital payments market In India is expected to grow to $1 trillion by 2023, led by growth in mobile payments.