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India unveils new EV policy to lure global manufacturers
Orissa POST
|June 03, 2025
India’s new Electric Vehicle (EV) policy outlook seems brighter for India as the government has decided to lower import tax for foreign automakers that pledge to invest in domestic EV production, as it looks to strengthen local manufacturing and draw in global industry leaders.
Automakers will be permitted to import up to 8,000 electric vehicles at a reduced duty rate of 15 per cent, compared to the current 70-100 per cent, provided they commit to investing ₹4,150 crore in local EV manufacturing, according to the new EV policy notified by the government.
They will be required to begin operations at their manufacturing facilities in India within three years of receiving approval and must meet specified local content requirements, according to the notified guidelines under the scheme to promote manufacturing of E-Passenger cars in India.
This story is from the June 03, 2025 edition of Orissa POST.
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