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India Slashes EV Import Duty to 15% to Boost Local Manufacturing

By BPN News Desk June 5, 2025
Automobile Electric Vehicles
In a landmark move to attract foreign investment and accelerate the growth of its electric vehicle ecosystem, India has launched the ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India’ (SPMEPCI). The centerpiece of this policy is a dramatic reduction in import duty
Automobile Electric Vehicles

India Cuts EV Import Duty to 15% for Local Manufacturing Push

By BPN News Desk June 3, 2025
In a bid to accelerate its transition to electric mobility and attract global automotive investments, the Indian government has rolled out a new electric vehicle (EV) policy that sharply reduces import duties for companies willing to commit to domestic manufacturing. The move is part of India’s broader strategy to become a competitive global hub for […]

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