The story so far: The Union government on March 15 approved a policy to promote India as a manufacturing hub for electric vehicles (EVs). Broadly, the policy attempts to pave the way for global EV manufacturers to invest in India and to manufacture locally. “This will provide Indian consumers with access to latest technology, boost … Read more
India’s decision to temporarily lower import duty on electric vehicles priced upwards of $35,000 to 15% for carmakers investing at least $500 million on domestic manufacturing “might help accelerate localisation of premium electric cars” and drive demand, a top Audi executive said. The policy “shows that the government seems to be very committed to sustainability, … Read more
US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed … Read more
