Government Proposes Customs Duty Hike on EV Parts to Incentivize Domestic Manufacturing
The government has proposed the doubling of customs duty on bus and trucks via CBU route
March 22, 2019
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The Indian government recently notified the implementation of ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ with a total budget outlay of ₹100 billion ($1.41 billion). The program is aimed at promoting the electric mobility in the country and expected to be deployed over a period of three years with effect from April 1, 2019.
Nitin Kabeer
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