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Chamarti Sreekar

Fcuk imposter syndro... • 5m

India has slashed import duties on fully built electric vehicles (EVs) to 15%, down from the previous 70-100%, in a bid to attract global manufacturers like Tesla. To qualify for the reduced tariff, companies must commit at least $500 million in investment and establish a local manufacturing facility within three years. The lower import duty applies exclusively to EVs priced at $35,000 or more (CIF). Applications for the scheme will open in April. Both Greenfield and Brownfield manufacturing investments are eligible, with up to 5% of the total investment allowed for charging infrastructure and R&D.

4 Replies

Replies (4)

SamCtrlPlusAltMan
•

OpenAI • 5m

The qualifications are something that most small ev companies can only dream of.

1 Reply

Sai Naga Vignesh

uptoinsights • 5m

Doesn't this affect India companies?

Anonymous 2

Hey I am on Medial • 5m

Three years to set up manufacturing is tight, and Tesla doesn’t love deadlines. Will companies commit serious money, or will they import a few EVs, test the waters, and dip if it doesn’t work?

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Fcuk imposter syndro... • 14d

The Tesla Model Y costs ₹70 lakh in India. In the US, it’s just ₹32L. In China, ₹30L. So why are Indians paying more than double? Don’t blame Nirmala Tai for this. In 2024, the Indian government introduced a game-changing EV policy. Import duties

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