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.
This story is from the November 26, 2021 edition of Business Standard.
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This story is from the November 26, 2021 edition of Business Standard.
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