Limited units allowed for imports, mandatory localisation: New E-Vehicle Policy could be a win-win
The new policy stipulates that foreign vehicle manufacturers can import up to 8000 EVs at lower customs duty a year and they have to set up a manufacturing facility in India within three years. Another stipulation is that such companies should achieve a localisation level of 50% by the fifth year.
Tags : new ev policy E-Vehicle Policy import tax on ev Imports of cars Tesla in India Piyush Goyal EV maker ev and future mobility EV industry India New EV Policy
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