Reuters exclusively reports India may cut import duties on EVs - Reuters News Agency
Automotive

Reuters exclusively reports India may cut import duties on EVs

Reuters reported exclusively that India is considering slashing import duties on electric cars to as low as 40%, days after Tesla Inc’s appeals for a cut polarized the country’s auto industry. For imported electric vehicles (EVs) with a value of less than $40,000 – including the car’s cost, insurance and freight – the government is discussing slashing the tax rate to 40% from 60% presently. For EVs valued at more than $40,000, it is looking at cutting the rate to 60% from 100%. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
Sign up for email updates

Subscribe
Sign up for email updates