Policy & Tax
Reduced Customs Duty for High-Value Imported EVs in India
A new scheme allows approved automakers to import electric four-wheelers with a minimum CIF of USD 35,000 at a reduced customs duty of 15% for five years, encouraging investment in India.
- A new scheme allows approved automakers to import electric four-wheelers with a minimum CIF of USD 35,000 at a reduced customs duty of 15% for five years, encouraging investment in India.
Why it matters: Buyers in India may see more premium imported electric four-wheelers become available at potentially lower prices due to reduced customs duties.
Source
nextias.com. This older story was written before EVersus began checking every figure against a linked article, so treat it as a pointer and confirm details with the maker.