🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Account Deleted

Hey I am on Medial • 9m

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 • 9m

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

1 Reply

Sai Naga Vignesh

uptoinsights • 9m

Doesn't this affect India companies?

Anonymous 2

Hey I am on Medial • 9m

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?

Recommendations from Medial

EVINDIA

Stay updated with th... • 5m

India Rolls Out New EV Policy, Slashes Import Duties to 15% In a major policy shift, the Indian government has reduced import duties on electric vehicles from 110% to 15% for automakers that commit at least ₹4,150 crore and set up local manufacturi

EVINDIA

Stay updated with th... • 5m

MHI Launches SPMEPCI Portal to Boost EV Passenger Car Manufacturing in India The Ministry of Heavy Industries (MHI) has launched the SPMEPCI portal (Scheme to Promote Manufacturing of Electric Passenger Cars in India), open for applications from Jun

Nikhil Raj Singh

Entrepreneur | Build... • 9m

Tesla’s Entry into India – Game-Changer or Overhyped? For Tesla’s Entry: Boosts EV Adoption – Tesla’s presence will accelerate India’s shift to electric vehicles. Tech & Innovation – Brings cutting-edge technology, pushing local automakers to impr

1 Reply

Anonymous

Hey I am on Medial • 1y

Big: First 35,000 India-assembled Kalashnikov AK-203 assault rifles delivered to the Army by the Indo-Russian JV manufacturing the weapons in Amethi District, UP. The total order is for 670,000 rifles.

gray man

I'm just a normal gu... • 8m

A recent report suggests that handset manufacturers, including Samsung, may consider relocating their production from China to India following a significant tariff hike imposed by former U.S. President Donald Trump. The tariff increase, which raise

mg

mysterious guy • 8m

FM Nirmala Sitharaman announces import duty exemption on parts needed to make EV batteries, phones! The government will exempt import duty on 35 items used to make EV batteries and 28 items used in mobile phone manufacturing.

Hiral Jain

CA inter • 1y

All eyes on Budget 2024-25 ACMA pitches the gov to increase capex and decrease Gst They said that the depreciation charger on PPE should be shifted from 15%-25% and the EVs manufacturing units urged to decrease Gst on EVs and components in order t

5 Replies

Account Deleted

Hey I am on Medial • 4m

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

2 Replies

Kolkata Index
•

West Bengal Tourism • 11m

Matix Fertilizers plans to invest ₹7500 Crore for the upcoming brownfield expansion of their fertilizer & chemicals plant in Durgapur. Located in WBIDC Panagarh Industrial Park on 494 acres. The existing manufacturing plant has capacity of 1.27 MTPA