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 […]

Automobile Electric Vehicles

India Finalizes EV Policy Offering Import Tax Cuts for Local Production

By BPN News Desk June 2, 2025

The Indian government has finalized a new electric vehicle (EV) policy aimed at attracting foreign investment and enhancing domestic manufacturing. The policy offers significant import duty reductions for automakers committing to local production, aligning with India’s goals to become a global EV manufacturing hub and increase EV adoption. Key Features of the New EV

Automobile Cars

India Rejects BYD’s $1 Billion EV Proposal, Signals Strategic Shift Toward Tesla

By BPN News Desk April 9, 2025

In a move that highlights India’s evolving investment strategy in the electric vehicle (EV) sector, the government has declined a $1 billion proposal from Chinese automaker BYD Co., while simultaneously paving the way for potential collaboration with U.S.-based Tesla Inc. The decision underscores New Delhi’s cautious stance toward Chinese investments, particularly in