UPDATE 1-India approves $4.1 bln green vehicle push over 8 years

Newswire

* Sets ambitious target of 6 million vehicles by 2020 * Govt to spend 130-140 bln rupees on plan * Technology seen as prohibitively expensive in India (adds quotes, details) NEW DELHI, Aug 29 (Reuters) - India's government has approved a 230 billion rupee ($4.13 billion) plan to spur electric and hybrid vehicle production over the next eight years, setting itself an ambitious target of 6 million vehicles by 2020. India has a ...

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