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Chamarti Sreekar

Passionate about Pos... • 3m

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.

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kashiff suhail

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how to get investment for a manufacturing business have the land but need working capital and for purchasing machinery for our business can anyone help me get the investment or can guide to any scheme which we can apply?

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