The automakers are lobbying Prime Minister Narendra Modi's government to delay any cut in EV tariffs until 2029, and then phase in a reduction to 30% from as high as roughly 100%, two industry sources and one government official said. We will have to open it up," the second government official said, adding the plan was to lower tariffs "significantly", including on EVs. The officials declined to disclose the size of the planned duty cut given ongoing negotiations with Washington. Trump has said it is currently "impossible" for Tesla to sell in India and it would be unfair if it had to build a factory there. "They are not so rigid on ICE (internal combustion engine vehicles) but have sought careful consideration for EV duties given early investment commitments," the first government source said.
Source: bd News24 April 03, 2025 03:25 UTC