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FALLING SHORT: ON INDIA’S EV JOURNEY
Southern Mail Newspaper
|June 06, 2025
On June 2, India took a turn for the better in its transport electrification journey by offering a concessional import duty of 15% on completely built-up units.
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This is contingent on the EV manufacturer investing a minimum of about ₹4,150 crore over three years to localise manufacturing in India, with a base domestic value add of 25% in three years, going up to 50% in another two years.
The notification, under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) announced in March 2024, allows for a maximum import of 8,000 completely built units annually for each manufacturer for five years.
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FLERE HISTORIER FRA Southern Mail Newspaper
Southern Mail Newspaper
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Southern Mail Newspaper
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Southern Mail Newspaper
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