The Union Budget 2023 has removed custom duty on capital goods/machinery for manufacture of lithium-ion cells for use in batteries of electrically operated vehicles (EVs). The move is said to help in reducing the cost of EVs in the country. Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the parliament on February […]
Temporary reduction in import duties to help build volumes required for manufacturing electric vehicles in India: Audi – EQ Mag Pro
When asked how much import duty should be reduced, Dhillon said that a number close to 40% should boost the segment. After Tesla and Hyundai India, now Audi India has called for an import duty cut on electric vehicles (EVs). “While the Centre has taken some steps for making EVs popular—it has reduced GST on […]
Big Blow to Tesla As Govt Has No Plans to Cut Import Duties on Electric Vehicles
Tesla’s plan to sell electric vehicles in India may face further delay over high import duties. Here is all you need to know. The government said it has no plans to cut import duties on electric vehicles after US-based electric carmaker Tesla made an appeal to authorities to slash taxes. It is a blow to […]
Tesla Seeks Reduction in Import Duties on EVs
New Delhi : US-based electric car major Tesla has demanded reduction in import duties on electric vehicles (EVs) in India, a senior government official said on Friday. At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and cost, insurance […]
Solar power developers may defer module imports; flat year ahead for firms
India added 6.5 Gw of solar power in the last financial year After sluggish growth in 2018-19, the current fiscal is set to be another flat year in solar power addition as developers are likely to hold back purchase of solar modules due to the steep duty levied on imports. India added 6.5 gigawatts (GW) […]
