Modi govt finalises new EV scheme, offers import tax cuts for local production

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ShotsTrendingMenu×ADVERTISEMENT ADVERTISEMENT ADVERTISEMENTHomebusinessModi govt finalises new EV scheme, offers import tax cuts for local productionUnder a revamped scheme, companies will

be allowed to import a limited number of electric cars at a lower import duty of 15 per cent versus the current 70 per cent duty if they commit to investing roughly Rs 4,149 crore ($486

million) to build EVs in the country.ReutersLast Updated : 02 June 2025, 07:50 IST Follow Us :

CommentsADVERTISEMENTPublished 02 June 2025, 07:50 ISTBusiness NewsElectric VehiclesFollow us on : Follow Us IndiaSouthNorthWestEast & North EastOperation SindoorOpinionEditorialSpeak

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