The US' decision to increase tariffs on Chinese EVs and batteries comes months after India announced an EV policy that entails lowering import duty on certain EVs, subject to manufacturing and investment commitment. India announced the policy in March to boost EV manufacturing in the country by top global players such as Tesla, VinFast, BYD among others.
However, the US' move could be a significant opportunity for India to ramp up production and export products, and enhance its trade footprint in the US market, Ajay Srivastava, a former trade official and the founder of Delhi-based think tank Global Trade Research Initiative (GTRI) said.
"Both the US and the EU are cutting imports of EVs from China.
Bu hikaye Business Standard dergisinin May 15, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 15, 2024 sayısından alınmıştır.
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