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Exclusive-India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say

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By Aditi Shah, Shivangi Acharya and Aftab Ahmed

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Exclusive-India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say

By Aditi Shah, Shivangi Acharya and Aftab Ahmed

2 days ago

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India West

India Leaning To Cut Tariffs On EVs To Appease Elon, Trump - IndiaWest Journal News

Photo: tesla.comIndia-West News DeskNEW DELHI – India is set to reduce import tariffs on electric vehicles, overriding requests from domestic automakers to postpone such cuts for four years, as the government prioritizes securing a trade deal with the United States, according to Reuters.Local car manufacturers have been lobbying Prime Minister Narendra Modi’s administration to delay tariff reductions until 2029 and then gradually bring them down…

2 days ago

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Asia Financial

India Likely to Defy Auto Lobby, Cut EV Levies to Appease Trump

India’s Narendra Modi government is likely to shun its years-long protectionist approach and slash its steep tariffs on imported electric vehicles, as it races to reach a trade deal with US President Donald Trump. The decision — reported by government and industry sources to Reuters — would be in defiance of requests to delay such levies, made by local automakers, who have for long lobbied against a reduction of EV import tariffs. “We have prote…

2 days ago

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Inc42 Media

Advantage Tesla? India To Cut EV Tariffs To Secure US Trade Deal

As part of its ongoing trade deal negotiations with the US, India has reportedly agreed to “significantly” cut tariffs on import of electric vehicles (EVs). While domestic players have been opposing any reduction in tariffs, the Centre has decided to go ahead with the cuts as it believes that the domestic auto industry has been protected for “too long”, Reuters reported, citing sources. However, the report didn’t specify the quantum of rate cuts…

2 days ago

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NewsX

India Plans To Lower EV Tariffs To Secure Trade Deal With US

The government is planning to reduce import tariffs on electric vehicles (EVs) as part of ongoing negotiations for a trade deal with the US, Reuters reported on Wednesday, citing government and industry sources. The decision comes amid domestic automakers lobbying the government to delay any cuts to EV duties until 2029. These companies are seeking a phased reduction to 30%, down from the current rate of nearly 100%, two industry sources and on…

2 days ago

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