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.
🔥 BE READY GUYS 👋
🇮🇳 Union Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025, at 11 am. FM Nirmala Sitharaman will also announce the second full-fledged budget of the Narendra Modi-led NDA government form
Hey , do you know what is this ?
This Chinese made Ev bike and the price of this ev bike is just 31 thousand only with so many new features.
Now you're thinking to import this and sell this in India right ?
Firstly if you import ev bikes from Ch
See More
8 replies4 likes
Mehul Fanawala
•
The Clueless Company • 9m
5 things I am expecting from FM Nirmala Sitharaman presenting the union budget today:
1. Simpler tax structure:
Less confusion, more coffee breaks for our CAs!
2. Support for startups:
Because creating jobs > chasing MBA grades.
3. Infrastructure
So guys we all know that EV is transforming the world and by 2060 indin become full of electric cars , auto , bus , and bike . The market size of ev is around 385 Billion dollars with CAGR of 17.8% and by 2030 it becomes 1600 Billon dollers.
Prob
India’s EV market is booming, but it’s still a long road ahead:
📌 1.5M+ EVs sold in 2023, but only ~6% of them were passenger cars.
📌 Tata Motors dominates with 80%+ market share, while MG, Mahindra & BYD are scaling fast.
📌 Charging infra? Still
Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
In 2014, Elon "gave away" Tesla's secrets to BMW.
Everyone thought he was crazy.
But this "act of charity" was actually the most ruthless business move in corporate history.
Here's why BMW never saw it coming:
BMW was set to lead Europe’s electr
Union Budget 2024-25: Key Highlights for Startups and MSMEs 🚀
Finance Minister Nirmala Sitharaman mentioned 'startup' just twice in her speech, but there's plenty for the startup ecosystem, manufacturing, and MSMEs in this budget! Here's the scoop:
Idea For You Implement Now —
“ EV Power Bank ”
So guy's according to my research globally EV sector is rapidly booming with the total market size of 671.47 Billion dollars in 2024 and by 2032 it will become 3x that is 1891 Billon dollars because
