Import duty cut to fast-track new tech: BMW
Business Standard|November 26, 2021
To launch three EVs in next 180 days
SHALLY SETH

A reduction in the import duty on electric cars - even for a limited two to three years - will help spur demand, fast-track adoption of new technologies, and give manufacturers a window to test the market before commencing local production, said Vikram Pahwa, president and chief executive officer, BMW India.

Joining other luxury carmakers, including Mercedes-Benz, Audi, and JLR in the electric mobility race, BMW India plans to launch three electric cars starting with the flagship all-electric compact sport utility vehicle (SUV) iXin the next 30 days, followed by the Mini electric (a luxury hatchback in three months), and BMW 14 sedan in six months.

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