New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production

India rolls out tweaked electric car manufacturing scheme, offers tax ...

Modi Government's New EV Scheme: Import Tax Cuts for Local EV Production

India unveils a new EV scheme offering import tax cuts to foreign automakers committing to local electric vehicle production. Learn about the policy's impact on the industry.

New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production

The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.

Need of 6,900 acre land, USD 9 bn investment by 2030 to set up EV infra: Report

New Delhi, Jun 5 (PTI) Nearly 6,900 acre of land and USD 9 billion investments will be required by 2030 for setting up facilities for EV (electric vehicle) manufacturing, lithium-ion battery production and public charging stations, according to Savills India. Real estate consultant Savills India has released report 'Charged for Change: How EVs Are Reshaping Indian Real Estate' stating that the EV market in India has witnessed significant growth …

EV Industry About To Take Off; 200,000 People In Workforce By 2030, 1 Billion Tonnes Of Carbon Emissions To Be Cut

This strategic approach not only encourages foreign participation but also reinforces the domestic ecosystem, paving the way for job creation and technological advancement. To encourage global manufacturers such as US tech giant Tesla to invest under the scheme, the approved applicants will be allowed to import completely built-in units (CBUs) of electric four-wheelers.

India finalises new EV scheme, offers import tax cuts for local production